Major Layoff Announcement: California Company Set to Cut Over 1200 Jobs
Unfortunately, the layoffs in California continued as a major business announced major job cuts in the state this week.
Under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.
VMware filed a notice with the California Employment Development Department yesterday advising that 1267 staff at its office in Palo Alto will be laid off in January. Employees learned on Monday that their positions would be eliminated due to the company being acquired by Broadcom. Broadcom closed its $69 billion acquisition of VMware on November 22 and is now making staff reductions.
Employees who were laid off received an email advising them of the news.
"Broadcom recently completed its acquisition of VMware. As part of integration planning and following an organizational needs assessment, we identified go-forward roles that will be required within the combined company. We regret to inform you that your position is being eliminated, and your employment will be terminated. We would like to thank you for your dedication and service. We want to make this transition as smooth as possible, including offering you a generous severance package and providing you a non-working paid notice period."
California Job Cuts
Outplacement and coaching firm Challenger, Gray & Christmas has released a report looking at layoffs across the nation, and when it comes to job cuts, no state comes close to California.
The report shows that California has recorded more than double the number of job cuts than New York, which is in second place. From January 1 to October 1, 171,530 Californians lost their job, almost 100,000 more than in New York, where 74,237 people were laid off.
At this point last year, 61,623 jobs had been cut in California. Aside from 2020, when the pandemic wreaked havoc, this year has seen the most since 2009. 35% of job cuts were attributed to economic or market conditions.
Are you concerned about the number of job losses in California? Do you think it is unfair to lay off staff so close to Christmas? Do you fear the United States could be heading toward a recession? Is there anything Gov. Newsom can do to reduce job losses in California?
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