Employees now brace for more massive Layoffs in Maryland as businesses continue to file WARN notices advising of upcoming job cuts.
It’s important to note that under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must give 60 days’ notice before laying off 50 or more people at a single site.
So far, a total of 8 businesses are laying off in Maryland next month with an additional 4 advising of upcoming job cuts in June.
They include:
- Jubilant Cadista Pharmaceuticals. 221 job cuts by 6/17.
- Guidehouse Digital, LLC. 38 job cuts by 6/11.
- Jacobs Solutions Inc. 463 job cuts by 5/31.
- Upper Chesapeake Emergency Medicine Physicians, LLC (“UCEMP”). 190 job cuts by 6/1.
- Volta Charging Industries, LLC. 2 job cuts by 5/31.
- Penn Parking, Inc. 57 job cuts by 5/31.
- AES Warrior Run, Limited Partnership. 40 job cuts by 6/1.
- Reimagined Parking. 33 job cuts by 5/18.
- Charles River Laboratories. 14 job cuts by 5/13.
- Essendant Co. 101 job cuts by 5.17.
- Adecco USA. 45 job cuts by 5/10.
- Jobandtalent Hirings, LLC d/b/a LGS Staffing. 125 job cuts by 5/10.
In April, the following businesses announced layoffs in Maryland:
- Walmart. 213 job cuts by 4/12.
- Home Depot. 40 job cuts by 4/23.
- Daifuku Services America Corporation. 67 job cuts by 4/22.
- MON AMI BETHESDA, LLC. 55 job cuts by 4/1.
- District Photo, Inc. 64 job cuts by 4/14.
So far in 2024, there has been a total of 2,410 WARN layoffs filed across 39 different businesses.
The ongoing reporting of layoffs in the state get updated every few weeks.
For more news and updates like this, opt-in for push notifications.
Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing
Other Economy News Today
A massive shoe retailer now announces a new wave of layoffs to hit headquarters this summer, affecting over 700 employees.
Nike has announced its ‘second phase’ of mass layoffs, effective June 28, according to a Worker Adjustment and Retraining Notification (WARN) filing.
A total of 740 employees will be impacted in the retailer’s home state.
The layoffs are part of the 2% workforce reduction Nike announced in February, which is taking place across two phases, the company confirmed via email.
Nike said job titles and the number of employees in each category would be provided at a later date, once the company has determined them.
Bumping rights are not available for the impacted employees, reports Retail Dive.
“Nike’s always at our best when we’re on the offense. The actions that we’re taking put us in the position to right-size our organization to get after our biggest growth opportunities as interest in sport, health and wellness have never been stronger,” Nike said in a statement.
“While these changes will impact approximately 2% of our total workforce, we are grateful for the contributions made by all Nike teammates.”
The layoffs are tied to a cost-savings plan Nike unveiled in December, which is aimed at generating up to $2 billion in cumulative savings over three years.
Based on the company’s last annual report, the layoffs to 2% of its total workforce will impact more than 1,600 people.
Savings from the plan are set to be reinvested in driving growth, innovation and profitability.
For more news and updates like this, opt-in for push notifications.
Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy
Market News Published Daily
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors.
This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
Scroll below to view my stock purchases this month!
You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Frank Nez’s Stock Portfolio
Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?
Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.
11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.
Recommended For You
The post Employees Now Brace For More Massive Layoffs in Maryland appeared first on Franknez.com.
