Layoffs taking bigger bite out of payrolls in NC, across US: Here's the latest – WRAL TechWire

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by Jason Parker — October 4, 2022
RESEARCH TRIANGLE PARK – Good news, bad news on the jobs front. As one giant plans to add workers, a host of others continue to trim headcount.
Good:
JPMorgan Chase, who is reportedly planning to hire as many as 2,000 workers, according to Reuters reporting last week, ahead of a visit by JPMorgan Chase CEO Jamie Dimon to the Triangle, where he announced an expansion of the financial company’s banking branch locations and discussed the current state of the U.S. economy.
The grim:
‘Quiet layoffs’ are going to affect thousands of jobs at Facebook parent Meta, reports Business Insider.  Job cuts will be the first made at the social media giant, Bloomberg news says. 
And layoffs in the technology focused startup sector have now topped 80,000, according to Layoffs.fyi.
Triangle job seekers, take note: 40 companies look to fill nearly 4,300 positions

Of those cuts, at least 34,462 took place n the third quarter of the year, Layoffs.fyi notes.
Among the latest reductions: 60 workers at WazirX, a cryptocurrency company based in Mumbai.
Stanley Black & Decker, meanwhile, cut 1,000 jobs recently, according to the Wall Street Journal.
And cuts continue at companies with operations in North Carolina that disclosed them recently under the WARN Act, including Ashley Furniture and Kepro.
Here’s the latest, from this week’s edition of the WRAL TechWire Layoff Watch.
Are Triangle, national jobs market really softening? Economists disagree

As threat of layoffs grows, which workers are the most vulnerable?

‘Anti-Racist/Anti-Oppression lens’ used for layoffs at tech firm – but is that legal?

Pendo lays off about 5% of workforce, including workers in Raleigh

UNC economist: More people joining labor force is key to a ‘soft landing’ for economy

Here’s a list of some of the layoffs that may affect North Carolina workers that occurred in August:
Troubled tech firm Avaya – HQ in Durham – is laying off workers

NC’s economy takes a $1B hit in project cancellation – fifth announced this year

NC tech leaders grow more pessimistic about economy; 17.5% have implemented hiring freeze

Layoffs still keep coming despite better-than-expected jobs report

More on layoffs announced earlier this year:
Retention, retraining workers becomes focus for many employers in changing job market

More NC layoffs as Coats American to close Hendersonville facility, lay off 51 workers

North Carolina solar company lays off 500; CEO blames faulty equipment

Snapchat is latest tech firm to cut jobs: 20% of global workforce

More layoffs: Wayfair is cutting 5% of its global workforce

Genetics firm Invitae, with Morrisville facility, to lay off more than 1,000 workers

Multiple reports outline Oracle’s decision to lay off thousands of workers

Layoffs hit Microsoft: Tech giant says hundreds of workers to be let go

 
Job cuts at Biogen, which has big RTP presence, help drug giant reduce costs 40%

More layoffs in NC – Medline closing Salisbury facility, will cut nearly 100 workers

Automotive manufacturer to close China Grove plant, lay off 81 workers

Layoffs hit Microsoft: Tech giant says hundreds of workers to be let go

Peloton, which had plans for big NC plant, will stop making bikes; 600 to lose jobs

 
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