Latest news with #WARNTracker.com
Economic Times
2 days ago
- Business
- Economic Times
Morgan Stanley, Walmart, Pfizer and more: Full list of over 150 American companies laying off employees in June
Which American companies will face layoffs in June? Live Events Why are layoffs happening in US? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel In the first quarter of 2025, the US workforce experienced significant upheaval due to widespread federal layoffs, corporate restructuring, cost-cutting initiatives, and mounting financial pressures across industries. Federal agencies were responsible for more than half of all job cuts during the quarter, with over 150,000 layoffs reported in February and March ahead to June, thousands more employees across various sectors are expected to lose their jobs, reports NewsWeek. Under the Worker Adjustment and Retraining Notification (WARN) Act, companies must notify employees in advance of mass layoffs. According to approximately 138 employers have filed WARN notices indicating plans to implement layoffs next to NewsWeek, nearly 160 companies will be laying off employees throughout the month of June, exceeding the approximately 130 companies that did so in May. President Donald Trump announced on May 25 that he would postpone the implementation of the planned 50 percent tariffs on trade with the European Union, moving the start date from June 1 to July 9, in response to a request from European Commission President Ursula von der are set to impact a range of industries, including retail, pharmaceuticals, food and beverage, airlines, and package delivery, among others. The number of affected workers varies by company—some are reducing staff by as few as one to 25 employees, while others, such as U.S. Cellular, are planning more significant complete list of layoffs, based on WARN notices compiled by includes:Newark GroupAir Wisconsin AirlinesAmerican Institutes of ResearchLeidos HoldingsCali Nail MarketWells FargoChevron TexacoSaddle Creek Logistics ServicesWhirlpool CorporationInterstate Management Company LLCS3 Shared Service SolutionOTG Management (Terminal 5)SDS LumberUnited States Cellular CorporationConfluent Medical TechnologiesUSCC Management ServicesPfizerFedExFEAM AeroWashington Prime GroupVail CorporationMount McKinleyArdent MillsImmPact Bio USA Inc., a subsidiary of Lyell ImmunopharmaPiedmont Athens Regional Medical CenterNEP GroupTrue Food KitchenBenchmark Precision TechnologiesINOAC Exterior SystemsASRC Federal Professional ServicesThrifty Payless (Rite Aid)The Bartell Drug Company (Rite Aid)Rite Aid CorporationSaks GlobalActivCare LivingMetalco USAInternational Republican InstituteTechnoprobe AmericaBlue Cross of IdahoOxbo International CorporationPrimo BrandsChik-fil-AUS ArconicGoodwill of the San Francisco BayCVS Health CorporationPacific Biosciences of CaliforniaRight At SchoolMcDonald's Restaurant of CaliforniaLegoland California ResortUPSFirst StudentCYH Manhattan (The Stewart Hotel)Winnebago IndustriesKinkisharyo InternationalTEKsystemsGraphic SolutionsCorsicana Mattress CompanyPixelle Specialty SolutionsWalmartJones Lang LaSalleVirtex EnterprisesQuickway TransportationCase Paper ExpressMental Health Association of New York City (Vibrant Emotional Health)MemorialCare Long Beach Medical Center and Women's Hospital Long BeachIlluminaBronco Wine Company, Bivio Transport and Logistics CompanyBarrel Ten Quarter CircleINOAC Exterior SystemsGMRI (Eddie V's)Morgan Stanley23andMeSSP AmericaMV TransportationChevron USAAramarkTC&Js Enterprises, franchise operator of Chick-fil-ALacroixDRVCruiser RVHeartland Recreational VehiclesRTXBattelleFresenius Medical CareMetropolitan Animal Specialty HospitalCayuga Home for Children (Cayuga Centers)Interstate Hotels (The Roosevelt Hotel)Cherokee Nation Management & ConsultingPlug PowerAMT Medical (Velocity medtech)Amerant MortgageYMCA of San DiegoB&P Plastics (Advance Plastic)JP Morgan ChaseRaytheon TechnologiesHy-Vee Fresh CommissaryHy-Vee Chariton Shortcuts FacilityPortland FacilityTennecoLutheran Services in IowaFeller'sCJ Logistics AmericaCentene Management CompanyThe Model Z ModularAdientNovartis PharmaceuticalsAccelerate360 DistributionThermo FisherCardinalNetAppKaiser PermanenteArvinasVan's Corporate HeadquartersEnterprise for Progress in the Community (EPIC)Child Care AssociatesSodexoOracle AmericaThe GEO GroupDowntown College PreparatoryFederal Express Corporation (BTRA Facility)Smurfikt Westrock Facility (Texas)Urban AlchemytkMomentumFord, Walker, Haggerty & Behar, LLPSt. Vincent's School for BoysCommunity Action MarinNGM BiopharmaceuticalsPride IndustriesElijah House FoundationCenter PointAramark Campus, LLC at the University of RochesterNorthern Air CargoForte Openings SolutionsChiloquin FacilitySky ZoneERMC Aviation ServicesLeidos HoldingsDanaPULAU CorporationT. MarzettiCano HealthCenter for Family & Child EnrichmentBuilding RoboticsSSC Services for Education (Muncie Community Schools)Tampa SportserviceTransitAmerica ServicesLignetics (Cascade Locks Facility)The Coca-Cola CompanyCoStar Realty InformationNavajo Incorporated, Portland FacilityBrinksBunzl Distribution USAASM GlobalDurhan School Services-Wichita FallsBroadway ServicesBH Security (Brinks Home)Orchid Orthopedic SolutionsAmerican workers and businesses have faced economic uncertainty, partly due to the widespread impact of tariffs imposed on nearly every other country, as well as on specific sectors like steel, aluminum, and foreign may not always reflect the overall economic climate. Some companies reduce their workforce to boost profits, while others restructure to better meet consumer Hohman, director of fiscal policy at the Mackinac Center for Public Policy, told Newsweek:'In today's America, pharmacists earn about twice as much as machinists. There are also twice as many drivers as metal workers, and driving typically offers higher pay. Overall, service industry jobs now outpace manufacturing in terms of compensation.'The country as a whole has become wealthier. While the rich have certainly grown richer, lower-income Americans have also seen gains. More households today are earning higher incomes compared to a generation ago—and globalization has played a role in that progress.'Bryan Driscoll, an HR consultant, previously told Newsweek: 'Workers should be cautious—not because they're failing to perform, but because many employers remain focused on short-term financial appearances. We're seeing health insurers and government agencies cut jobs under the guise of restructuring or realignment, which often just means reducing headcount to reduce costs.'Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, also weighed in, telling Newsweek:'There are really two kinds of layoffs happening. On one hand, federal agencies like the Department of Health and Human Services are undergoing significant restructuring as a result of new leadership. This means some roles may be eliminated or merged with others to meet efficiency goals.'"At the same time, we're also seeing health insurers scaling back their workforces. Rising medical expenses paired with those who are insured utilizing their coverage more frequently have some insurers cutting jobs to free up cash in the face of lower revenues."
Time of India
2 days ago
- Business
- Time of India
Morgan Stanley, Walmart, Pfizer and more: Full list of over 150 American companies laying off employees in June
In the first quarter of 2025, the US workforce experienced significant upheaval due to widespread federal layoffs, corporate restructuring, cost-cutting initiatives, and mounting financial pressures across industries. Federal agencies were responsible for more than half of all job cuts during the quarter, with over 150,000 layoffs reported in February and March alone. Looking ahead to June, thousands more employees across various sectors are expected to lose their jobs, reports NewsWeek. Under the Worker Adjustment and Retraining Notification (WARN) Act, companies must notify employees in advance of mass layoffs. According to approximately 138 employers have filed WARN notices indicating plans to implement layoffs next month. ALSO READ: Stefon Diggs and Cardi B are now Instagram official. Know the NFL player's controversies, net worth and more by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Women Over 40 Are Trying This Instead—And Loving What They See wellnesstodayonline Try Now Undo Which American companies will face layoffs in June? According to NewsWeek, nearly 160 companies will be laying off employees throughout the month of June, exceeding the approximately 130 companies that did so in May. President Donald Trump announced on May 25 that he would postpone the implementation of the planned 50 percent tariffs on trade with the European Union, moving the start date from June 1 to July 9, in response to a request from European Commission President Ursula von der Leyen. Layoffs are set to impact a range of industries, including retail, pharmaceuticals, food and beverage, airlines, and package delivery, among others. The number of affected workers varies by company—some are reducing staff by as few as one to 25 employees, while others, such as U.S. Cellular, are planning more significant cuts. Live Events The complete list of layoffs, based on WARN notices compiled by includes: Newark Group Air Wisconsin Airlines American Institutes of Research Leidos Holdings Cali Nail Market Wells Fargo Chevron Texaco Saddle Creek Logistics Services Whirlpool Corporation Interstate Management Company LLC S3 Shared Service Solution OTG Management (Terminal 5) SDS Lumber United States Cellular Corporation Confluent Medical Technologies USCC Management Services Pfizer FedEx FEAM Aero Washington Prime Group Vail Corporation Mount McKinley Ardent Mills ImmPact Bio USA Inc., a subsidiary of Lyell Immunopharma Piedmont Athens Regional Medical Center NEP Group True Food Kitchen Benchmark Precision Technologies INOAC Exterior Systems ASRC Federal Professional Services Thrifty Payless (Rite Aid) The Bartell Drug Company (Rite Aid) Rite Aid Corporation Saks Global ActivCare Living Metalco USA International Republican Institute Technoprobe America Blue Cross of Idaho Oxbo International Corporation Primo Brands Chik-fil-A US Arconic Goodwill of the San Francisco Bay CVS Health Corporation Pacific Biosciences of California Right At School McDonald's Restaurant of California Legoland California Resort UPS First Student CYH Manhattan (The Stewart Hotel) Winnebago Industries Kinkisharyo International TEKsystems Graphic Solutions Corsicana Mattress Company Pixelle Specialty Solutions Walmart Jones Lang LaSalle Virtex Enterprises Quickway Transportation Case Paper Co. Davis Express Mental Health Association of New York City (Vibrant Emotional Health) MemorialCare Long Beach Medical Center and Women's Hospital Long Beach Illumina Bronco Wine Company, Bivio Transport and Logistics Company Barrel Ten Quarter Circle INOAC Exterior Systems GMRI (Eddie V's) Morgan Stanley 23andMe SSP America MV Transportation Chevron USA Aramark TC&Js Enterprises, franchise operator of Chick-fil-A Lacroix DRV Cruiser RV Heartland Recreational Vehicles RTX Battelle Fresenius Medical Care Metropolitan Animal Specialty Hospital Cayuga Home for Children (Cayuga Centers) Interstate Hotels (The Roosevelt Hotel) Cherokee Nation Management & Consulting Plug Power AMT Medical (Velocity medtech) Amerant Mortgage YMCA of San Diego B&P Plastics (Advance Plastic) JP Morgan Chase Raytheon Technologies Hy-Vee Fresh Commissary Hy-Vee Chariton Shortcuts Facility Portland Facility Tenneco Lutheran Services in Iowa Feller's CJ Logistics America Centene Management Company The Model Z Modular Adient Novartis Pharmaceuticals Accelerate360 Distribution Thermo Fisher Cardinal NetApp Kaiser Permanente Arvinas Van's Corporate Headquarters Enterprise for Progress in the Community (EPIC) Child Care Associates Sodexo Oracle America The GEO Group Downtown College Preparatory Federal Express Corporation (BTRA Facility) Smurfikt Westrock Facility (Texas) Urban Alchemy tkMomentum Ford, Walker, Haggerty & Behar, LLP St. Vincent's School for Boys Community Action Marin NGM Biopharmaceuticals Pride Industries Elijah House Foundation Center Point Aramark Campus, LLC at the University of Rochester Northern Air Cargo Forte Openings Solutions Chiloquin Facility Sky Zone ERMC Aviation Services Leidos Holdings Dana PULAU Corporation T. Marzetti Cano Health Center for Family & Child Enrichment Building Robotics SSC Services for Education (Muncie Community Schools) Tampa Sportservice TransitAmerica Services Lignetics (Cascade Locks Facility) The Coca-Cola Company CoStar Realty Information Navajo Incorporated, Portland Facility Brinks Bunzl Distribution USA ASM Global Durhan School Services-Wichita Falls Broadway Services BH Security (Brinks Home) Orchid Orthopedic Solutions ALSO READ: Cardi B makes Stefon Diggs romance official amid messy divorce from rapper Offset. Internet says 'she hasn't learnt...' Why are layoffs happening in US? American workers and businesses have faced economic uncertainty, partly due to the widespread impact of tariffs imposed on nearly every other country, as well as on specific sectors like steel, aluminum, and foreign automobiles. Layoffs may not always reflect the overall economic climate. Some companies reduce their workforce to boost profits, while others restructure to better meet consumer demand. James Hohman, director of fiscal policy at the Mackinac Center for Public Policy, told Newsweek: 'In today's America, pharmacists earn about twice as much as machinists. There are also twice as many drivers as metal workers, and driving typically offers higher pay. Overall, service industry jobs now outpace manufacturing in terms of compensation. 'The country as a whole has become wealthier. While the rich have certainly grown richer, lower-income Americans have also seen gains. More households today are earning higher incomes compared to a generation ago—and globalization has played a role in that progress.' ALSO READ: Northern lights in US: These 13 states to witness aurora today. Here's how you can maximize your viewing experience Bryan Driscoll, an HR consultant, previously told Newsweek: 'Workers should be cautious—not because they're failing to perform, but because many employers remain focused on short-term financial appearances. We're seeing health insurers and government agencies cut jobs under the guise of restructuring or realignment, which often just means reducing headcount to reduce costs.' Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, also weighed in, telling Newsweek: 'There are really two kinds of layoffs happening. On one hand, federal agencies like the Department of Health and Human Services are undergoing significant restructuring as a result of new leadership. This means some roles may be eliminated or merged with others to meet efficiency goals.' "At the same time, we're also seeing health insurers scaling back their workforces. Rising medical expenses paired with those who are insured utilizing their coverage more frequently have some insurers cutting jobs to free up cash in the face of lower revenues."
Newsweek
3 days ago
- Business
- Newsweek
List of Companies Laying Off Employees in June
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Thousands of employees across various industries are expected to be laid off in June. Companies are required to send out a Worker Adjustment and Retraining Notification Act (WARN) notice before implementing mass layoffs. Roughly 138 employers plan to lay off workers in June, according to Why It Matters American workers and businesses have feared economic turmoil, due in part to the fallout from tariffs imposed on virtually every other nation, as well as on unique industries such as steel and aluminum, and foreign automobiles. Layoffs may not directly correlate to the current economic climate, as some companies strive to maximize profits at the behest of the broader workforce. Others attempt to better fulfill demand. A Coca-Cola delivery driver unloads his truck on April 12, 2021, in Lake Oswego, Oregon. A Coca-Cola delivery driver unloads his truck on April 12, 2021, in Lake Oswego, Oregon. Getty Images What To Know Nearly 160 companies will be laying off employees throughout the month of June, exceeding the approximately 130 companies that did so in May. The layoffs will affect multiple industries, including retail, pharmaceutical, food and beverage, airlines, package delivery and more. Layoffs in the workforce vary by company, with some laying off between one and 25 employees; other companies, like U.S. Cellular, have larger cuts planned. The full list, based on WARN notices via includes: Newark Group Air Wisconsin Airlines American Institutes of Research Leidos Holdings Cali Nail Market Wells Fargo Chevron Texaco Saddle Creek Logistics Services Whirlpool Corporation Interstate Management Company LLC S3 Shared Service Solution OTG Management (Terminal 5) SDS Lumber United States Cellular Corporation Confluent Medical Technologies USCC Management Services Pfizer FedEx FEAM Aero Washington Prime Group Vail Corporation Mount McKinley Ardent Mills ImmPact Bio USA Inc., a subsidiary of Lyell Immunopharma Piedmont Athens Regional Medical Center NEP Group True Food Kitchen Benchmark Precision Technologies INOAC Exterior Systems ASRC Federal Professional Services Thrifty Payless (Rite Aid) The Bartell Drug Company (Rite Aid) Rite Aid Corporation Saks Global ActivCare Living Metalco USA International Republican Institute Technoprobe America Blue Cross of Idaho Oxbo International Corporation Primo Brands Chik-fil-A US Arconic Goodwill of the San Francisco Bay CVS Health Corporation Pacific Biosciences of California Right At School McDonald's Restaurant of California Legoland California Resort UPS First Student CYH Manhattan (The Stewart Hotel) Winnebago Industries Kinkisharyo International TEKsystems Graphic Solutions Corsicana Mattress Company Pixelle Specialty Solutions Walmart Jones Lang LaSalle Virtex Enterprises Quickway Transportation Case Paper Co. Davis Express Mental Health Association of New York City (Vibrant Emotional Health) MemorialCare Long Beach Medical Center and Women's Hospital Long Beach Illumina Bronco Wine Company, Bivio Transport and Logistics Company Barrel Ten Quarter Circle INOAC Exterior Systems GMRI (Eddie V's) Morgan Stanley 23andMe SSP America MV Transportation Chevron USA Aramark TC&Js Enterprises, franchise operator of Chick-fil-A Lacroix DRV Cruiser RV Heartland Recreational Vehicles RTX Battelle Fresenius Medical Care Metropolitan Animal Specialty Hospital Cayuga Home for Children (Cayuga Centers) Interstate Hotels (The Roosevelt Hotel) Cherokee Nation Management & Consulting Plug Power AMT Medical (Velocity medtech) Amerant Mortgage YMCA of San Diego B&P Plastics (Advance Plastic) JP Morgan Chase Raytheon Technologies Hy-Vee Fresh Commissary Hy-Vee Chariton Shortcuts Facility Portland Facility Tenneco Lutheran Services in Iowa Feller's CJ Logistics America Centene Management Company The Model Z Modular Adient Novartis Pharmaceuticals Accelerate360 Distribution Thermo Fisher Cardinal NetApp Kaiser Permanente Arvinas Van's Corporate Headquarters Enterprise for Progress in the Community (EPIC) Child Care Associates Sodexo Oracle America The GEO Group Downtown College Preparatory Federal Express Corporation (BTRA Facility) Smurfikt Westrock Facility (Texas) Urban Alchemy tkMomentum Ford, Walker, Haggerty & Behar, LLP St. Vincent's School for Boys Community Action Marin NGM Biopharmaceuticals Pride Industries Elijah House Foundation Center Point Aramark Campus, LLC at the University of Rochester Northern Air Cargo Forte Openings Solutions Chiloquin Facility Sky Zone ERMC Aviation Services Leidos Holdings Dana PULAU Corporation T. Marzetti Cano Health Center for Family & Child Enrichment Building Robotics SSC Services for Education (Muncie Community Schools) Tampa Sportservice TransitAmerica Services Lignetics (Cascade Locks Facility) The Coca-Cola Company CoStar Realty Information Navajo Incorporated, Portland Facility Brinks Bunzl Distribution USA ASM Global Durhan School Services-Wichita Falls Broadway Services BH Security (Brinks Home) Orchid Orthopedic Solutions What People Are Saying James Hohman, director of fiscal policy at the Mackinac Center for Public Policy, told Newsweek: "In America now, the machinists and pharmacists earn twice what machinists do. There are twice as many drivers as metal workers, and driving pays more. Service industries in general pay more than manufacturing in America right now. "The United States has been getting richer; the rich are getting richer, and the poor are getting richer. The United States has more households who are earning more over the past generation; globalization is a part of that." HR consultant Bryan Driscoll previously told Newsweek: "Workers should brace themselves, yes, not because they're underperforming, but because employers are still addicted to short-term balance sheet optics. We're watching health insurers and government agencies slash jobs while claiming they're realigning or restructuring. That's just code for cutting people to cut costs." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, previously told Newsweek: "It's a tale of two different kinds of layoffs. Federal government entities like the Department of Health and Human Services are going through a dramatic restructuring following the arrival of a new administration, meaning some positions will either be eliminated or combined with other roles for efficiency standards. "At the same time, we're also seeing health insurers scaling back their workforces. Rising medical expenses paired with those who are insured utilizing their coverage more frequently have some insurers cutting jobs to free up cash in the face of lower revenues." What Happens Next Driscoll said companies will continue to cut jobs as a way to prioritize profits, and now the U.S. government has also gotten on board. President Donald Trump announced on May 25 that he would delay imposing planned 50 percent tariffs on trade with the European Union from June 1 to July 9, following a request from European Commission President Ursula von der Leyen.
Yahoo
12-05-2025
- Business
- Yahoo
Dozens of U.S. Companies Announce Layoffs in May Amid Economic Pressures
Mass layoffs are rippling across industries this May, as nearly 130 companies notify employees of impending job cuts, according to new data compiled from Under the federal Worker Adjustment and Retraining Notification Act (WARN), businesses must alert employees and government officials ahead of mass layoffs. These notices offer early insight into shifting economic tides, and May's data shows widespread turbulence. Companies cutting jobs this month span a broad range of sectors, from household names like Amazon, Starbucks, and FedEx to tech, healthcare, education, and retail. In some cases, firms cite cost-cutting amid inflation and lower demand. In others, layoffs appear to be tied more to profit protection than necessity, Newsweek reported. Among those announcing cuts: FedEx Macy's JP Morgan Chase Mattel Chewy Wells Fargo The Cheesecake Factory Southern California Edison Starbucks American Medical Response Even large educational and non-profit institutions like Johns Hopkins University, Catholic Charities of Orange, and the American Bar Association are trimming number of layoffs per employer ranges from a handful to hundreds, and no region appears untouched. While some companies are still navigating post-pandemic restructuring, others are reacting to persistent inflation, rising labor costs, and shifting consumer layoffs also come as job openings decline, wage growth slows, and uncertainty lingers over interest rate policy. For many workers, job security is starting to feel less certain again, despite a still-low national unemployment rate. Whether this wave marks the start of a deeper employment correction or a short-term recalibration remains to be seen. For now, thousands of workers across the U.S. are bracing for difficult transitions this month. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
01-05-2025
- Business
- Newsweek
List of Companies Laying Off Employees in May
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Many companies have already pre-announced their layoffs for May, and employees across several industries will be impacted. Companies are required to send out a Worker Adjustment and Retraining Notification Act (WARN) notice before implementing mass layoffs. More than 120 employers are planning to let workers go in May, according to Why It Matters Companies are facing rising costs and shifting consumer demand, causing many to evoke mass layoffs across departments. However, some of the other layoffs are happening as corporations seek to maximize profits rather than necessity, and the trend is happening across industries, experts say. A FedEx plane prepares to leave the FedEx Cargo Hub at Miami International Airport on February 12, 2025 in Miami, Florida. A FedEx plane prepares to leave the FedEx Cargo Hub at Miami International Airport on February 12, 2025 in Miami, To Know Nearly 130 companies will be letting employees go throughout the month of May. The full list, based on WARN notices via includes: Michael's Cookies Blue Shield of California Axient LLC BHFO Boston Scientific Corporation US Conference of Catholic Bishops RTX Movate Portland, Oregon Facility IDEA Southern Louisiana Idea Innovation Envision Physician Services Southeast Service Corporation Services for Education Durham School Services Corteva Northland College Graphic Packaging International Merlin Magic Shop JVS Masonry Grede Concordia University SSC Services FedEx Robert Kaufman Co Transdev Pretium Packaging Department of Health and Human Services Jacksonville Orthopedic Institute ST. Distributing SHG Redemption Restaurants Classic Beverage of Southern California Mandarin Oriental Freedom House Cornish College of the Arts Brinker International Roche Molecular Systems Gilead Sciences HSNi SouthState Bank VF's Dickies Headquarters Safeway Compass Group American Bar Association CSG Systems American Academy of Dramatic Arts Milgard Manufacturing Block American Medical Response Ambulance Service Key Energy Services SK hynix America Amentum Southeast Service Corporation Niantic National Distribution Centers Rem Optical Company Cruise CARGO Therapeutics Wells Fargo Atara Biotherapeutics SLS South Beach Employer Southern California Edison Company Mattel All For Kids Spoonful Management ICS Southern Glazer's Wine and Spirits of Louisiana COR Restaurant Services AT&T INOAC Exterior Systems Collins Aerospace VT Mobile Aerospace Engineering Jhpiego Corporation Johns Hopkins University Pitney Bowes Penney OpCo Grocery Delivery E Services Gate Gourmet Amazon Cepheid Onsemi Chewy Country Pure Foods F&E Aircraft Maintenance Output Services Group American Institutes of Research Cow Palace General Dynamics Bell-Carter Foods Ryder-Hutchins Centerra The Cheesecake Factory SP+, a Metropolis Company Primo Brands UPS Creative Associates International Royal Palm South Beach Miami Sodexo Microchip RR Donnelley PT Solutions Leidos Holdings Central Garden & Pet Laboratory Corporation of America Holdings Stockton Recycling Ascent Professional Staffing CBRE Charter Communications Northlake Engineering Tri Cor Direct Incorporated GEP Administrative Services Ameri Kleen Starbucks Corteva TL Cannon Management Miami Mezze Ritz-Carlton Hotel Burke Williams F21 OpCO Catholic Charities of Orange Frito-Lay American Freight US Foods Barrette Outdoor Living Atlas Holdings Evans Bank Macy's BetMGM UNFI Essendant JP Morgan Chase The layoffs are occurring across industries, from retail and food service to tech and financial companies. The number of employees being let go per company varies from under 10 to hundreds. What People Are Saying HR Bryan Driscoll told Newsweek: "Workers should brace themselves, yes, not because they're underperforming, but because employers are still addicted to short-term balance sheet optics. We're watching health insurers and government agencies slash jobs while claiming they're realigning or restructuring. That's just code for cutting people to cut costs." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "It's a tale of two different kinds of layoffs. Federal government entities like the Department of Health and Human Services are going through a dramatic restructuring following the arrival of a new administration, meaning some positions will either be eliminated or combined with other roles for efficiency standards. At the same time, we're also seeing health insurers scaling back their workforces. Rising medical expenses paired with those who are insured utilizing their coverage more frequently have some insurers cutting jobs to free up cash in the face of lower revenues." What Happens Next Driscoll said companies will continue to cut jobs as a way to prioritize profits, and now the U.S. government has gotten on board as well. "When public institutions like HHS do the same, it reflects a political and systemic failure to invest in the workforce needed to serve communities," Driscoll said. "This isn't about the economy being weak - though it is getting there and there's just one person to blame. This is more about a labor market that continues to reward instability for workers while rewarding stockholders with efficiency and predictability. And no one at the top is skipping their bonus."
