User ID
Password

 

 

Walgreens, FedEx, and Neiman Marcus Among Nearly 100 Companies Planning Layoffs In March
Source
American Shipper
Post Date
03/06/2025

Nearly 100 American companies are preparing for mass layoffs this month, with experts attributing the tr to high interest rates.
Intel, FedEx, Neiman Marcus, Walgreens, and Macy? are among the fleet of companies cutting staff this month, Newsweek reports. The reveal comes by way of the Worker Adjustment and Retraining Notification Act (WARN), which forces companies to submit notice before carrying out mass layoffs.
According to WARNTracker.com, over 90 employers are set to lay off workers in March.
As companies navigate inflation and changing consumer demand, many have struggled financially in the years following the COVID-19 pandemic. The report emphasizes how workers are being laid off across industries as companies aim to boost profits.
Some experts blame rising interest rates, which drive up the cost of capital. However, Michael Ryan, a financial advisor, says that AI is a major factor behind the announcements.
?hat? really interesting is that corporate profits are still pretty healthy!?Ryan said. ?t? not like these companies are struggling to stay afloat.
?hey?e making these cuts while their bottom lines look good, which makes you wonder what? really driving this,?he added. ? think what we?e seeing isn? just a normal economic hiccup. It feels more like companies are using this moment to fundamentally reshape how they operate. They?e thinking, ?ell, if we can replace these positions with automation, why wouldn? we?? Dark times are ahead as experts fore weaker employment reports in light of the layoffs. Ongoing changes in the technology sector, coupled with the decline of white-collar jobs, suggest a restructuring of the U.S. economy that could significantly affect workers across multiple industries.
With the Trump administration continuing to reduce the federal workforce, the number of Americans facing unemployment is expected to rise. Additionally, a decrease in consumer sping is anticipated as people cut back during these economic shifts.
However, at the backbone of the mass layoffs is corporate leaders lasered in on their profit gains.
?orporate greed is alive and well. These layoffs are not about company survival,?HR consultant Bryan Driscoll said.

?hey?e designed to protect profit margins and shareholder returns.?


Title
Source
Post Date
Visit
US container import tariffs averaging 21%, says Maers.. American Shipper 07/03/2025
15
More Auto Parts Could be Subject to Section 232 Tarif.. American Shipper 07/03/2025
17
Ocean Transportation Intermediary Licenses Revoked.. American Shipper 07/03/2025
16
Trump announces Vietnam trade deal, 20% tariff on its.. American Shipper 07/03/2025
16
Announces Tariff AgreementWith Vietnam July 2, 2025.. American Shipper 07/03/2025
16
GeminiCooperation adds calls on two Asia-USWC loops .. American Shipper 06/27/2025
74
Court Affirms False Claims Act Penalty Against Impor.. American Shipper 06/27/2025
87
Amazon Tells Thousands of Employees to Relocate or Re.. American Shipper 06/23/2025
133
Tariffs, deminimis changes spark air cargo capacity s.. American Shipper 06/18/2025
181
Lowes makes one of its largest everbillion-dollar acq.. American Shipper 06/18/2025
168
Page : 1   2   3   4   5        [Next 5 Page]  Last Page : 77 ( 1 of 77  Total Pages )

 

 

 

Brilliant Group Logistics INC.
159 N. Central Ave. Valley stream, NY 11580
Tel : (516) 599-2406 Fax : (516) 599-0528