Summary
- Job losses in the Educational Services, Wholesale Trade, Real Estate, and Rental and Leasing sectors have seen a sharp decline over the month of July.
- Conversely, job losses in the Mining and Utilities sectors have shown an upward trend, following a recovery from a significant surge that peaked in October 2022.
- Additionally, job postings in Mining and Utilities have weakened over the past year.
Layoffs in Headlines
- Yellow Corporation is shutting down and laying off all its employees. WARN filings from July indicate 23,569 layoffs.
- Stitch Fix has filed 11 WARN notices with the state of Pennsylvania, revealing plans to lay off 393 employees over the next two months.
- Microsoft is laying off another 276 employees in Bellevue and Redmond, according to WARN filings with the state of WA.
Other Notable Layoff Events
- Pfizer has filed a WARN notice with the state of Illinois, impacting 69 employees at its Lake Forest location.
- PVH Corp. plans to lay off 136 employees across NY and NJ.
- Campbell Soup Corporation will lay off 116 employees in CT and NC as it plans to close its offices in Norwalk, CT, and Charlotte, NC.
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