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Economic Times
14 hours 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
14 hours 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
4 days ago
- Business
- Newsweek
Hundreds of Layoffs Hit Silicon Valley
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. Silicon Valley is facing another wave of job losses, as several leading tech companies have announced hundreds of layoffs across the Bay Area, according to recent state filings. The companies involved include LinkedIn, Chegg, and Hewlett Packard Enterprise (HP), which collectively informed the California Employment Development Department (EDD) in May of their plans to eliminate over 400 positions, according to Worker Adjustment and Retraining Notification (WARN) notices. Newsweek reached out to the companies announcing layoffs via email for comment. Why It Matters The latest reductions add to a growing tally of technology job cuts in California this year, signaling persistent workforce instability in a region long seen as the nation's technology powerhouse. The surge in layoffs comes as Silicon Valley's tech sector grapples with shifting business strategies and an accelerating push toward artificial intelligence. What To Know According to official WARN notices, LinkedIn has eliminated over 280 roles in May, including 159 employees from its Mountain View office alone. Educational tech firm Chegg laid off 88 employees in Santa Clara on the same date, May 15. Two weeks earlier, HP implemented 61 job cuts in San Jose. All three companies described the layoffs as permanent in their WARN notices to the California EDD. Reasons were not given alongside the notices, though the companies have in the past defended the need for restructuring to cut costs and improve efficiencies in an increasingly uncertain macroeconomic climate. A LinkedIn office in San Francisco, California, as seen on July 26, 2023. A LinkedIn office in San Francisco, California, as seen on July 26, releasing its first-quarter earnings in May, which revealed a 30 percent year-over-year drop in revenue, Chegg announced that it would cut its headcount by around 22 percent as the company takes "proactive measures to align costs with our business outlook." In its announcement, Chegg also noted the increased adoption of AI by students over traditional education tools. "Language model companies are turning to academia for validation, with OpenAI recently giving college students free access to Chat GPT Plus, and Anthropic launching a free education offering," the company said. Chegg added that it plans to close its physical offices in the U.S. and Canada by the end of 2025. In a filing with the Securities and Exchange Commission (SEC) earlier this week, HP stated that it expects to implement "gross workforce reductions of approximately 1,000 to 2,000 employees" this year, in addition to the 7,000 cuts outlined in its Fiscal 2023 Plan. CFO Karen Parkhill said in a February earnings call that the "incremental structural savings" HP was pursuing would "continue to be a key lever to help offset macro and geopolitical uncertainties while also continuing to fuel investment in our key growth areas and AI innovation." 2025 Layoff Trends and Context The Bay Area layoffs extend beyond these three companies. Technology firms in California announced 17,874 layoffs in the first quarter of the year, according to the Los Angeles Times, including staff cuts at Meta and Google. In May, Microsoft announced nearly 100 layoffs in California, according to WARN notices. This comes amid the company's broader plan to trim its workforce by approximately 3 percent, affecting roughly 6,000 employees. The layoffs announced in May are expected to take effect in July. What People Are Saying A spokesperson for Microsoft, in a statement given to CNBC: "We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace." Clair Brown, Professor of Economics at UC Berkeley, told Newsweek that California's labor market for recent college graduates was weakening "for a variety of reasons," including the effects of reduced imports from Asia, as well as "the increasing use of AI by employers especially in coding, in marketing, in draft analysis of data, and even routine tasks such as customer inquiries." "The chaos presented by changing economic policies with tariffs is also causing employers to replace job vacancies slowly or not at all," she said, adding: "Over time, I worry that the labor market for early stage professional workers, such as my UCB students, will face declining jobs opportunities as the use of AI becomes widespread." Chegg CEO and President Nathan Schultz said on May 12: "We believe the trends impacting our business will worsen before they get better. We are taking steps to further align costs with our outlook, including an additional restructuring of our business." What Happens Next Despite this trend, the California labor market remains steady. According to the state's latest EDD report, California added 17,700 jobs in April, following 6,800 job losses in March.
Yahoo
5 days ago
- Automotive
- Yahoo
Heavy-duty truck parts maker, distributor to close after 46-year run
TransAxle LLC recently announced plans to close all its locations across the U.S. and lay off 209 workers. Headquartered in Cinnaminson, New Jersey, TransAxle at one point was one of the largest East Coast remanufacturers and distributors of transmissions, differentials, hydraulic pumps and other specialized components for the medium- and heavy-duty truck markets. Company officials said they are preparing to cease operations after failing to find a buyer, according to Worker Adjustment and Retraining Notification (WARN) Act notices filed in several states. 'TransAxle LLC has been engaged in efforts to sell the business for some time,' the company said. 'Despite our efforts we have not been able to consummate a sale at this time. As a result, the company finds itself in the difficult position of having to conduct an orderly wind down of the business.'It's unclear why TransAxle was seeking a buyer. Company officials did not return a request for comment from FreightWaves. TransAxle will close all 13 of its locations by the end of August, including operations in Connecticut, Georgia, Maryland, North Carolina, New Jersey, New York, Pennsylvania, Tennessee, Virginia and Maine. Impacted job titles in the layoffs include drivers, shop managers, mechanics, machinists, warehouse associates and team leads. TransAxle was founded in 1979 with a single location in Cinnaminson. The business was acquired in 2006 by Graham Partners, a private equity firm located in 2010, the company had grown to 28 distribution centers and six remanufacturing was acquired by Dallas-based private equity firm Crossplane Capital in 2020. The post Heavy-duty truck parts maker, distributor to close after 46-year run appeared first on FreightWaves. 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
Yahoo
23-05-2025
- Business
- Yahoo
Freight industry layoffs surge across California, Texas
Layoffs continue to significantly impact the freight industry as firms in California and Texas announced more than 1,048 layoffs over the past week. Companies announcing worker reductions include UPS, FedEx, F&S Produce West LLC and Amazon. UPS plans to cut two shifts at a warehouse in West Sacramento, California, eliminating 355 workers by mid-July. Atlanta-based UPS (NYSE: UPS) said the layoffs are part of a companywide initiative it described as 'the largest network reconfiguration in UPS history,' according to The Sacramento April, UPS told investors it planned to cut its workforce by around 20,000 positions and close 73 facilities by the end of the year. FedEx Supply Chain Logistics and Electronics (NYSE: FDX) said it is laying off 305 employees at its North Fort Worth, Texas, logistics center, according to a Worker Adjustment and Retraining Notification (WARN) Act notice filed with the state. The job reductions, which will be finalized by Oct. 25, were caused by a customer moving to another facility and contracting with a new third-party logistics provider, FedEx said. FedEx's North Fort Worth logistics center will remain operational with 275 workers.F&S Produce West, a produce and food wholesaler, plans to cut 255 jobs from its facility in southeast Houston. The company did not provide a reason for the workforce reduction in its WARN notice filed with the state. It's unclear if the facility will remain operational. Officials for F&S Produce West did not return a request for comment from FreightWaves. Specialty manufacturer L&T Precision plans to close a facility and lay off 81 employees in Poway, California, according to a WARN notice. The facility, which specializes in manufacturing services for the aerospace and defense industries, will shut down by Aug. 1. The company did not immediately return a request for comment from FreightWaves. Amazon is laying off 52 employees across four facilities in Sunnyvale, California, according to WARN filings. The layoffs include 33 employees from Amazon Lab126, an engineering and technology hub, as well as 19 employees from technology and fulfillment centers in the (Nasdaq: AMZN) did not provide a reason for the job cuts. The post Freight industry layoffs surge across California, Texas appeared first on FreightWaves.
