..as reported by MacroEdge since June 27 Westgate Resorts, a...

..as reported by MacroEdge since June 27

Westgate Resorts, a large resort and timeshare company, is laying off around 400 employees at its corporate Orlando office - CEO Savid Siegel to step down. Westgate is the largest privately held corporate employer in Central Florida

Canadian unemployment increased to 6.4%, a new high for the cycle
https://x.com/MacroEdgeRes/status/1809325894424752595

Big Lots to shutter 40 stores, reportedly may file for bankruptcy as its customer base remains battered by inflation

The unemployment rate in the United States increased to 4.1%, a common recession indicator has been triggered

Office vacancies have set a new all time high, surpassing a 20% vacancy rate

Microsoft conducted another round of layoffs this week in the latest workforce reduction implemented by the Redmond tech giant this year
1,900 employees impacted

UKG - a leading software company - is laying off 2,200 employees

The Office CMBS Delinquency Rate ticked up further in June
https://x.com/MacroEdgeRes/status/1808596274062528716

Restaurant chain Mod Pizza is reportedly preparing to file bankruptcy.Mod Pizza just a few years ago was the fastest growing restaurant

The ISM service sector activity gauge fell to its weakest level since May 2020

Continuing jobless claims increased to another cycle high, approaching 1.9 million
https://x.com/MacroEdgeRes/status/1808480970984628623

Stellantis is laying off 1,600 employees at the Warren Truck Assembly Plant, which reduces the plant down to a single production shift

UPS is shutting down its Baltimore facility, resulting in over 500 job cuts that will take place in August as part of the much larger restructure

Freight giant C.H. Robinson has eliminated over 50% of its US sales team, per Freight Waves

John Deere will eliminate 503 manufacturing positions at its Illinois facility as it repositions for a Mexico shift & experiences lower demand
John Deere is eliminating a total of around 1,000 manufacturing jobs

Newrez, a mortgage company, is laying off around 5% of its workforce

Sony is laying off hundreds of employees as demand for physical media falters

Redbox parent company Chicken Soup for the Soul Entertainment reportedly stopped paying employees, impacting about 1,000 - and has filed for bankruptcy

The San Francisco Unified School District Will Reportedly Lay Off Around 600 Teachers and Staff Under New Budget Plan

Harley-Davidson is laying off around 200 employees as part of 'organizational adjustments'

Universal Hydrogen, a company that flew a hydrogen-powered flight in March last year, has burned through the $100 million it raised from investors and will shut down

BNSF Railway is reportedly laying off hundreds of employees, affecting primarily mechanics

The head of BP has imposed a hiring freeze and halted new offshore wind projects, in an apparent attempt to placate investors who are unhappy with the oil company’s green targets.

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

More than half of Las Vegas renters can’t afford their current apartment, according to a Redfin report

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