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The list of firings each week gets longer. Welcome to week 40 of job losses. As we have kept noting, higher Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses.
As The Hill wrote on 20 May 2023:
“According to a new report from S&P Global, the number of companies that have gone bankrupt so far in 2023 is higher than the first four months of any year since 2010. Filings through April have pushed the year-to-date count to 236 — more than double the comparable figure a year ago and higher than any of the prior 12 years. Leading the way were companies selling directly to consumers (Bed, Bath & Beyond being the most notable), followed by industrials and then financial services.”
As Fierce Healthcare wrote on 12 May 2023:
“First-quarter cuts among healthcare companies including hospitals were up 65% year over year, according to a recent multi-sector report from Challenger, Gray & Christmas. In fact, the volume of layoff waves from hospitals and health systems during that time are already nearing 2022’s full-year totals.”
BT’s chief executive announced it would cut between 40,000 and 55,000 jobs by 2030 of its 130,000 workforce.
● ABM at University of Texas San Antonio – 80 axed
● ACT – 106 let go
● Adena Health System – 69 fired
● Adventist Health – 59 fired
● Affimed – 25 percent of staff cut
● Alibaba’s cloud unit – 7 percent of staff cut
● Altru Health System – 34 fired
● Asurion Nashville HQ – 60 fired, sell 100 retail stores to franchisees
● Athenex – 123 axed
● Auckland City Council – 160 fired
● Bellingham Public Schools – 42 fired
● Brace Yourself Games – 50 percent of staff fired.
● British Telecom Giant BT – up to 55,000 by 2030 will be gone
● Brockton Public Schools Mass. – 130 staff positions gone
● Cala Health – 107 fired
● Carter Roag Coal Company – 230 Layoff Notices
● Cedars-Sinai Medical Center – 155 axed
● Community Health Network – Unspecified cut
● Cone Health – 61 gone
● Consumers Energy – offers buyouts to 4,900 employees
● Cook Medical – 500 cut
● Coyote Logistics – undisclosed (second round, 200 in February)
● Crozer Health – 215 cut
● Cushman & Wakefield – 700 axed
● Cue Health – 329 fired
● dbt Labs – 15 percent of Global Team erased
● Digital bank N26 – 71 gone
● Disney – 2,500 (third round of layoffs)
● DroneUp – small # of layoffs, No #
● Duke LifePoint hospital – Layoffs, No #
● Excela-Butler – 13 fired
● Faze Clan – 20 percent (second round, totaling a 40 percent reduction this year)
● Formstack – Significant Layoffs, reports of 100
● Fox News – will fire its entire investigative reporters
● GeneDx – 19 gone
● GXO Logistics in Fort Worth – 105 fired
● Habersham Medical Center – 4 let go
● Happay – 160 fired
● Hutchinson Regional Medical Center – 85 fired
● Integris Health – 200 axed
● Jefferson Health – Unspecified let go
● Katherine Shaw Bethea Hospital – 20 fired
● Kaweah Health – 94 fired
● Krebs Stamos Group – 6 fired
● Laguna Factory – 140 axed
● Mad River Community Hospital – 27
● Madera Community Hospital – 772
● Marshfield Clinic Health System – 346 fired
● McLaren Health Care – 743 fired
● Memorial Health System – 90 fired
● Memorial Sloan Kettering Cancer Center – 337 axed
● Monument Health – 80 fired
● Morgan Stanley – Considers More Layoffs
● MU Health Care – 5
● MUSC Health – Unspecified
● New York’s Cityblock Health – 60
● Nextbite – 20 reported
● Northern Inyo Healthcare District – 15
● Novant Health – 50
● Nuance Communications – Some Layoffs, No #
● Nuvance Health – 102 fired
● Ochsner Health – 770 let go
● Oracle – 3,000 fired
● OU Health – 100 fired
● Overlake Medical Center and Clinics – 30 fired
● PeaceHealth – 251 fired
● Penn Medicine – Unspecified
● Penn Medicine Lancaster General Health – 65
● Pie Insurance – 66 un-Pied
● Procter & Gamble Warehouse – 44 axed
● ProMedica Health System – 262 let go
● Rochester Regional Health – 60 fired
● Scripps Health – 70 fired
● Signature’s commercial real estate team – 12+ let go as business slumps
● St. Luke’s Health System – 320 fired
● St. Mark’s Medical Center – 64 gone
● Telus – 2,000 fired
● The Witcher spin-off studio – 29 axed
● Tower Health – 100 cut from staff
● Trinity Health Mid-Atlantic – 40 cuts
● Sega lays off 121 employees
● Tufts Medicine – 70 fired
● The Auckland Council of New Zealand will cut more than 500 jobs
● TuSimple Holdings – 300 no longer part of Holdings
● Urovant Sciences – fires 22
● USAA – 300 fired
● Upper Iowa University – 37 positions cut
● Vodafone (International) – 11,000 employees gone
● Visible Supply Chain Management Ohio Warehouse – 30 layoffs
● Wells Fargo & Co. in Des Moines – 25 fired
● Update: Container Store – 15 percent at its support center, 3 percent at store and distribution center let go
● Via Mobility – 120 but some get rehired
● Zepz – 420 axed