Incomplete list of publicly announced layoffs & shutdowns:
More proof the internet is not recession proof: New York and California based StumbleUpon is out of money and laying off 70 of its 1-hundred employees! The problem with major internet operations is that they are 100% debt financed, and rarely do they make enough money from actual sales to operate without debt financing. StumbleUpon administrators admitted they were unable to raise enough money in their latest attempt at debt financing.
Arkansas: The largest Humane Society in the state, Sebastian County Humane Society, is warning that it will shutdown due to lack of funding: “We have been getting by every month really just with donations, and with donations being down, and none coming in, it`s left us with basically nothing.”-Tonya Rogers
California: Sears Holdings announced the 25 years old Los Banos Kmart will shutdown in November, 67 jobs lost.
Florida: ObamaCare forcing Corizon Health to layoff 64 people in Naples, by the end of September.
Georgia: In Atlanta, two music venues shutdown; The Masquerade and Smith’s Olde Bar. It’s blamed on greedy property developers.
Idaho: Once again the ‘conservative’ republican leaders of Idaho are screwing over the state taxpayers, to the tune of between $900-thousand to $1-million USD! This time taxpayers will pay for failed lawsuits brought by republican state ‘lawmakers’ against the federal government. The repeat offender, I mean 3rd term gov’na Butch Otter was at a loss to explain it, but also admitted the dumb state republican leaders get sued all the time, saying “You’re going to have to ask the lawyers why we’re losing……We get sued by so many people we can’t keep track.”
Illinois: After eliminating more than 1-thousand jobs, Obama regime stooge Rahm Emanuel wants to get rid of more than 450 Chicago public School jobs! In Des Moines, after 48 years popular Mr. Filet Steakhouse shutting down by the end of the week because the city administrators have decided the building must be torn down in the name of progress. What housing market recovery? Century Tile and Carpet shutting down their ten years old Joliet store, saying it wasn’t worth it to renew the lease.
Main: After 25 years the largest independent craft store, Craft Mania, is shutting down. 15 jobs lost: “Sales were down….the reality is that enough of my customers have gone elsewhere that it’s no longer viable for us to stay open.”– Lee Duguay, co-owner
Maryland: British empire United Kingdom owned Lorch Microwave eliminated 10% of its Salisbury employees due to crashing sales.
New Jersey: The bankrupt busted Montvale based A&P (The Great Atlantic & Pacific Tea Company) grocery chain notifying (for legal reasons) all 28-thousand 5-hundred employees of possible layoffs! ObamaCare forces God’s Saint Michael’s Medical Center into chapter 11 bankruptcy, threatening 1-thousand 4-hundred jobs! It’s been up for sale but republican Chris Christie’s minions are interfering: “We’ve done everything the state has asked us to do. After two and a half years, it would appear we’re no further along than when we started.”-David Ricci, ceo
New York: After decades of trapping people into music-movies by mail subscriptions, iconic Columbia House now bankrupt busted and up for sale.
North Carolina: Hibernian Irish Pub & Restaurant shutting down their Cary location, they plan on renting the space out to another eatery. The 18 years old franchised Sears Hometown store in Lexington shutting down by the end of the month. News reports said the franchise owner refused to explain why. The Beaufort County Board of Education laid off 16 teacher assistants due to lack of local tax funding.
Oklahoma: After 60 years, the non-profit Metropolitan Tulsa Urban League shutdown due to “lack of funding”.
Pennsylvania: In Penn Township, after five years Work Zone Fitness shutdown, the owner admitting the local population, and economy, isn’t big enough to support fitness centers.
South Dakota: Sears Holdings announced the Sturgis Kmart will shutdown in November, 57 jobs lost. In Spearfish, both Cellar Chics and Base Camp Adventure Sports shutting down. The owner of Cellar Chics blames health problems, the owner of Base Camp Adventure Sports blames “many factors”. What construction industry recovery? The Ziegler Building Centers in both Rapid City and Spearfish shutting down after a fire destroyed one of the locations: “It was the fire. It’s the insurance.”-Jon Ziegler, owner
Tennessee: In Memphis, restaurant ¡Chiwawa! shutdown after two years, the owner claims he’ll open a new place as soon as he figures it out. Can’t trust him ’cause the sign on the door says “Closed for Repairs”.
Texas: The Texas Horse Racing Commission is shutting down due to “the agency will no longer be able to pay its employees or its rent”, blaming state ‘lawmakers’ for playing politics.
West Virginia: After 60 years the Workman’s IGA shutting down their Chapmanville grocery store: “We hate it most for our top notch team of employees. We hate it for the community as well because competition keeps prices where they should be….Because federal, state, and local governments are so overbearing with laws and regulations, it is hard for small businesses to exist. Workman’s IGA is closing…because running a small business, especially a grocery store, is just no fun anymore.“-owners
Wisconsin: In Appleton, after 16 years Sai Ram Indian Cuisine shutdown, the owner’s sons claiming that “It’s been hard to find employees.” The owners are planning on spending more time back in India.
10 August 2015: Google rips off taxpayers!
WARN=Worker Adjustment & Retraining Notification
The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all ‘measuring green jobs’ products. This news release is the final publication of monthly mass layoff survey data.”