Summary:
- Job losses continue to be high across critical sectors of the economy, such as construction and manufacturing.
- Layoff contagion is impacting other industries, including Information and Retail Trade, where alarming layoff levels persist.
- The job market exhibits a weakening trend, with job availability declining across all industries.
Layoffs in Headlines
Large corporations continue to face substantial job losses, with certain firms leading:
- Microsoft has continued to officially file WARN notices for its previously announced layoffs. The company reported 745 layoffs scheduled to take effect on May 5th, 2023, and an additional 559 layoffs set for May 26th, 2023.
- Walmart filed WARN notices indicating 1,808 layoffs across seven different states, slated to occur in May and June 2023.
- Target's WARN notices reveal three upcoming layoff events, affecting a total of 126 employees.
Other Notable WARN Events
- Pactiv Evergreen's WARN filings have disclosed plans to lay off 1,050 workers in North Carolina and another 155 in Ohio.
- Lucid Motors intends to lay off 968 workers at its car manufacturing plant in Casa Grande, Arizona.
- McLaren St. Luke's Hospital in Maumee, Ohio, will be closing, resulting in the layoff of all 743 employees by May 15th, 2023.
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