...as reported by MacroEdge since June 19 Walgreens will close...

...as reported by MacroEdge since June 19

Walgreens will close up to 2,150 stores nationwide - which will likely result in a headcount reduction of around 57,000 employees

Dexcom is eliminating 500 jobs in California

Stellantis will reportedly layoff 500 employees at the Sterling Heights Assembly Plant, per MDCR

RealPage, a rental property software company that has allegedly been used to fix rents around the country, is laying off hundreds of employees

AGCO, a global agriculture equipment manufacturing company, is laying off 1,680 employees - or about 6% of its workforce due to “weakened demand”

Private charter airline Wheels Up is laying off 11% of its total pilot workforce amid slower demand for private charter planes

Apple is aiming to cut headcount on some iPhone assembly lines by up to 50%, per the Information
Consumer electronics giant Apple Inc. is delaying plans to build a large corporate campus in Research Triangle Park, North Carolina

Indiana-based Cummins makes another round of substantial job cuts, flattens corporate ladder

Prudential Financial will lay off employees soon

Hooters is abruptly shutting around 40 restaurants across the United States US – bosses admit decision was ‘difficult’ - around 1,200 employees impacted

Texas-based US Logistics Solutions has terminated around 2,000 employees after the firm collapsed

Japanese corporate bankruptcies increased to its highest level since 2012 amid a plummeting yen & higher rates.
https://x.com/MacroEdgeRes/status/1804658540751331342

Big Lots has issued a going concern warning that it may be unable to meet credit and loan obligations

Wells Fargo is shutting down its internal audit division in Denver and eliminating around 100 positions

Bob’s Stores and Eastern Mountain Sports, which are owned by GoDigital Media Group, jointly filed for bankruptcy due to liquidity crisis. The chains run about 50 stores and employ about 1,000 people, per court filings.

Leading chipmaker Intel is undergoing another round of job cuts to reduce costs

Meta is conducting another round of layoffs in its ‘Reality Labs’ division

One of the largest residential solar installers in the nation, Titan Solar, has abruptly shut down and filed for bankruptcy in the latest blow to a troubled industry.  This will impact around 2,100 employees.

Rite Aid will close an additional 27 stores in Ohio and Michigan, along with several distribution centers
~1,000 employees impacted