Incomplete list of job loss announcements and shutdowns.
More proof you brick-n-mortar store owners can’t directly blame the internet/high-tech for your demise; British empire United Kingdom based software solutions company (according to Bloomberg) nobody heard of, Mycom North America, is apparently dead in the water as it suddenly issued shutdown WARNs for all its offices around the United States, to close next week! Last week a lawsuit was filed by a U.S. contractor accusing Mycom of failing to pay them for work rendered, and last year Mycom was sued by a U.S. property management company for failing to pay rent on property in West Virginia! I have yet to find anything explaining why Mycom is suddenly shutting down. Mycom’s website has been disabled.
Arkansas: In Fayetteville, after 24 years Big Red Razorbacks Fan Shop shutting down so the owner can start his second retirement.
California: More proof you brick-n-mortar store owners can’t directly blame the internet/high-tech for your demise; Palo Alto based credit card validating e-reader Jumio now chapter 11 bankrupt busted and for sale. Administrators blame lack of ‘crowd funding’ (guess those low-tech girls in low-cut t-shirts didn’t work). This is more proof that most tech companies were never successful, playing the accounting shell game of including that ‘funding’ in their earnings reports which made it look like people were buying their products/services.
Colorado: Denver based oil company Venoco now bankrupt busted with 50% of “production curtailed” and $1-billion USD in debt, partly blaming it on the massive oil spill in Santa Barbara, California . Another Denver based oil company legally bankrupt busted, Emerald Oil. They first defaulted on their debts due to low oil prices.
Analysts have warned that if oil prices remain low for too long there will be a dominos effect of collapsing oil industry related companies. (what I call Ripple Effect Layoffs [REL])
Florida: Mycom North America suddenly announced they’re shutting down their Orlando office next week. Interestingly the WARN list the company as “construction”, but Bloomberg’s Company Overview calls it a UK based privately held software-engineering company. In Hollywood, Schumacher Clinical Partners issued a WARN, 163 people will be laid off between May and December!
Illinois: Peoria School District 150 laying off about 78 teachers, most under “honorable discharge” and some due to lack of “performance”. A Freedom of Information Act court order forced Kishwaukee College to reveal it eliminated at least 24 jobs, due to lack of students and taxpayer funding. Note that it took a Freedom of Information Act court order to get the publicly funded college to reveal the layoffs!
Missouri: An Office Max shutting down in Saint Loius, and an Office Depot shutting down in Brentwood. It’s part of the merged Florida based office supply sellers’ plan to shutdown more than 7-hundred stores, so much for “Now More Choice”!
New York: In NYC, insurance company AIG (American International Group) issued a mass layoff WARN, 242 people being laid off between now and September! The Clifton Park Office Max shutting down in May.
North Carolina: In Durham, after 140 years (surviving The Great Depression and numerous recessions) ‘black owned’ Scarborough & Hargett Funeral Home now chapter 11 bankrupt busted claiming more than $1-million USD of debt. However, in 2013 state regulators fined the funeral home and put it on probation for two years after being caught lying about its ‘advance sales’ of funeral services. Mycom North America suddenly announced they’re shutting down their Bessemer office next week. Ecolab issued a shutdown WARN for its Charlotte location, 60 jobs lost by May. Tuscarora Yarns issued a shutdown WARN for its China Grove operations, 123 jobs lost by May!
Oregon: Mycom North America suddenly announced they’re shutting down their Portland office next week. India based office management company Firstsource Group issued a shutdown WARN for their Eugene operations, 275 jobs gone by mid-May!
Pennsylvania: Malvern based grocery chain ACME shutting down three stores, two in New Jersey and one in Pennsylvania, by the end of April. Hundreds of jobs lost! Administrators said the economy is so bad that it’s not worth it to renew the leases on those locations!
South Carolina: Charleston Cooks shutdown their stores in Greenville and Columbia, the owner suddenly “made the decision to retire”. Cooking classes will continue until the end of April. In Columbia, after one year in their new location formal dress shop Carolina Couture suddenly shutdown their Gervais Street shop, due to an ‘undisclosed legal action’.
Texas: In Dallas, Dealertrack Tech issued a WARN, 56 jobs gone by mid-May. Shade Structures revealed they laid off 54 employees last month. In Coppell, Japan based Panasonic Avionics issued a WARN, 51 jobs gone by the end of June. And for Ripple Effect Layoffs caused by the oil industry: Cudd Energy Services issued a WARN, 60 jobs lost in San Antonio by mid-May. And in Longview, Trinity Rail-Tank Car issued mass layoff WARNs saying 609 people will become unemployed by mid-May!
Vermont: Q Burke Mountain Resort said it must layoff employees, blaming weather for delaying the opening of a new $50-million USD conference center.
Washington: Mycom North America suddenly announced they’re shutting down their Redmond office next week. And for more proof that you brick-n-mortar store owners can’t directly blame the internet/high-tech for your demise; Bellevue based video game maker 5th Cell forced to layoff 45 people under orders from publisher Warner Brothers Interactive Entertainment. Initial reports say Warner Brothers was shutting 5th Cell down.
WARN=Worker Adjustment & Retraining Notification
21 March 2016: “an economy in distress” Gem State kills thousands of jobs & tens of millions in revenues!
Former employees who receive severance are not counted as unemployed!
Employees of religious non-profits might not qualify for unemployment assistance: “If the non-profit organization is a church, you may or may not be entitled to unemployment. It all depends upon state regulations for church employers. In many cases, churches are allowed to set their own rules regarding unemployment benefits, meaning the church can choose whether to offer benefits to former employees.”
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.”