The company’s bankruptcy filing comes less than a month after it shut down its Andersen plant in a decision that blindsided employees.
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The New Jersey-based company has announced two large rounds of layoffs at its Bloomington plant within six months—400 workers last December and 150 this month.
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The job cuts would mark the second largest round of layoffs in the company’s history, adding to the 18,000 employees the tech giant said it would lay off in January.
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The global tech giant revealed Wednesday that planned to lay off about 10% of its employees companywide and shrink its real estate footprint. But execs are mum on the possible ramifications for downtown’s Salesforce Tower.
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GM and other automakers have been navigating an uncertain transition to electric vehicles both in the U.S. and worldwide, trying to figure out where to invest capital and how fast the switch will happen.
The Indianapolis-based insurer is making the layoffs just a week after reporting a disappointing third-quarter profit and lowering its full-year earnings guidance.
The manufacturer said the move will affect 125 workers.
Copeland Corp. said the move will result in the termination of 75 workers in mid-January.
Layoffs dropped to 1.5 million, lowest since November 2022 and down from 1.7 million in May, a sign that employers remains reluctant to let go of staff.
Just three years ago, Indianapolis-based Innovation Associates had huge hopes for growth here. But instead of growing, the company is now shrinking. Last week, the company quietly laid off 11 people in the Indy office and 60 people in other markets.
Detroit Diesel Remanufacturing LLC said the closure will affect a total of 80 workers, the first of which are expected to be laid off next month.
UKG informed employees earlier this week that it was cutting about 14% of its workforce so the company could “aggressively focus on critical areas of growth.”
Cisco foresees sluggish demand for its products and software services during the next three to six months while its customers exercise “a greater degree of caution” amid an uncertain economic outlook, CEO Chuck Robbins said.
Tennessee-based Kenco Logistic Services LLC did not specify to state officials why it decided to close the facility at 202 S. Belmont Ave. The layoffs are scheduled to occur on March 19.
Other tech companies, such as Microsoft Corp., Alphabet Inc.’s Google and Amazon.com Inc., also signaled layoffs this month.
After peaking early this year, the number of tech industry layoffs—and the number of companies cutting those jobs—appears to have slowed in recent months.
Based in Texas, Alan Ritchey Inc. describes itself as a family-owned company that provides services to the government, as well as industrial, agriculture, energy and transportation sectors.
Aurorium, which traces its roots to Reilly Industries, is closing a facility at a site that has been home to a chemical manufacturing plant since 1921.
The Chapter 11 bankruptcy filed Sunday arrives just three years after Yellow received $700 million in pandemic-era loans from the federal government. Yellow has hundreds of workers in Indiana.
The company reported having 60 employees in the United States in early 2022, though it’s not known if that number included about 25 employees at an engineering center in California.
LSC Communications has been struggling due to a steady decline in demand for long-run catalog and magazine printing and has closed several plants in recent years.
The laid-off employees’ profiles indicate that the cuts spanned multiple departments at Formstack, including marketing, public relations, human resources, customer service, sales and product design.
Despite the drop, the number of layoffs ticked lower in February, and more Americans quit their jobs—a sign of confidence they can find better pay or working conditions elsewhere.
McDonald’s has more than 150,000 employees in corporate roles and in company-owned restaurants. It warned employees in January that layoffs would be coming.
