Slightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low
Some analysts say they expect layoffs ordered by the Department of Government Efficiency to show up in the report in the coming weeks.
Layoffs
-
Battery maker EnerDel files for Chapter 7 bankruptcy
The company’s bankruptcy filing comes less than a month after it shut down its Andersen plant in a decision that blindsided employees.
Read More -
Contract drugmaker Catalent shrinks as pandemic wanes
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.
Read More -
Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000
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.
Read More -
IBJ Podcast: Digging into Salesforce’s ‘restructuring’ and what it could mean for Indianapolis
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.
Read More
Articles
Southwest Airlines slashing 15% of its corporate workforce
The Dallas-based airline said Monday that the the first major layoffs in its 53-year history would be focused almost entirely on “corporate overhead and leadership positions.”
Salesforce cutting 1,000 jobs while hiring salespeople for AI
Technology companies have grown more accustomed to regular job reductions after a massive wave of layoffs at the start of 2023.
General Motors lays off about 1,000 workers in cost-cutting move
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.
Elevance Health laying off 123 workers in California
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.
Pridgeon & Clay to close Franklin manufacturing plant
The manufacturer said the move will affect 125 workers.
Copeland to close Greenfield distribution center
Copeland Corp. said the move will result in the termination of 75 workers in mid-January.
U.S. job openings fall slightly, but remain higher than expected
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.
Pharmacy software company lays off 71, including 11 at Indy HQ
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.
Daimler Truck subsidiary to close Plainfield remanufacturing plant
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.
HR-tech firm UKG eliminating 2,200 jobs, including some in Indianapolis
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 Systems to lay off more than 4,000 workers in latest sign of tighter times in tech
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.
Logistics firm closing Indy facility, laying off 110 workers
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.
Salesforce to cut about 700 workers, adding to tech layoff flood
Other tech companies, such as Microsoft Corp., Alphabet Inc.’s Google and Amazon.com Inc., also signaled layoffs this month.
Is the tech recession over? Maybe.
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.
Logistics firm to close operations in Plainfield, idling nearly 250 workers
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.
Indianapolis chemical maker closing 159-worker plant
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.
Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles
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.
Battery maker EnerDel lays off most of its employees, workers say
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.
Indiana printing plant to close, ending 525 jobs
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.