hatteras yachts lay layoffs 2023

Hatteras Yachts Layoffs Affect About 80

About 80 people lost their jobs this week in a series of Hatteras Yachts layoffs.

Hatteras Yachts laid off about 80 workers at their New Bern, North Carolina facility earlier this week. The layoffs, which were reported to have happened on Monday, were pinned to economic factors in the boating and yachting industry. In a statement, Bass Pro blamed ‘the current economic conditions and the desire to invest in new boat designs.” Bass Pro owns White River Marine Group and bought Hatteras in 2021. Sources at the scene said the layoffs came as a surprise to workers.

Craven County Economic Director Jeff Wood told the New Bern Sun Journal that even after the layoffs, more people work for Hatteras Yachts than did when White River bought it. He had been in touch with Hatteras, he said.

“They’re going to take this time to do some more investments, especially in the Hatteras brand, but they’re going to continue to invest in all three brands,” Wood told the newspaper. “They’re looking at long-term strategies.”

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Hatteras Yachts lays off approximately 80 workers amid uncertain economic environment

Hatteras Yachts has laid off approximately 80 workers this past week at its New Bern plant in North Carolina, USA. 

Bass Pro, which acquired Hatteras Yachts through White River Marine Group in 2021, stated that the cutbacks were driven in part by the "current economic environment", but that every effort was being taken to "support [its] people" as the yard continues to navigate the uncertainty of the market. 

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Trick or Treat: Hatteras lays off 40-84 workers

Hatteras Yachts laid off as many as 84 workers on October 30, according to sources reached by New Bern Live.

The layoffs came as a surprise to the workers, one source said.

New Bern police verified that Hatteras Yachts hired off-duty officers to be present at its facility on October 30.

It apparently took many local leaders by surprise as well. Craven County Manager Jack Veit said that he had heard of the layoffs but could not confirm them, adding that he and Economic Development director Jeff Woods are in contact with corporate headquarters, trying to get exact information.

State Representative Steve Tyson said he had not yet heard the news, either.

Hatteras Yacht was purchased by White River Marine Group in May, 2021. The company received special incentives from Craven County and the state in a five year agreement that stated it would open a recreational boat facility hiring 500 workers by 2026.

According to a press release from Governor Roy Cooper’s office issue May 20, 2021, " Plans call for a major investment to modernize the Hatteras facility and establish a state-of-the-art coastal manufacturing center generating hundreds of new jobs. ”

According to zippea.com, Hatteras Yachts, founded as a luxury yacht manufacturer in 1959, had a total workforce of 1320 as of August, 2023.

 The exact number of layoffs is still unknown, but sources cite numbers from 40 to 84.

Hatteras Yacht company was called for comment but the manufacturer was not answering phones. The parent company, White River Marine, had not yet returned emails for information as of 12 p.m.

This is a developing story and New Bern Live will update new information as it comes in.

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Layoffs at Hatteras

> Subscriber-only , By Neil Eaves 2023-11-03T15:07:00+00:00

Hatteras Yachts confirms around 80 staff have been let go

In response to requests for information from New Bern Live, the White River Marine Group, parent company of Hatteras Yachts, has verified that “approximately 80 positions” were laid off this week at the Hatteras New Bern facility in North Carolina.

White River tole the website: “Yesterday we did announce a reduction in jobs at the New Bern plant. These cutbacks were driven in part by the current economic environment and also because we are investing in tooling to create a totally new generation of high-performance Hatteras sport-fishing boats which will be introduced in late 2024.

“We did eliminate approximately 80 positions but can also positively state that we continue to employ considerably more people than when Hatteras was first acquired by White River Marine Group in May 2021.

“Our plan is to continue to invest boldly, as we have done over the last few years, in the future of the legendary Hatteras brand. Last week at the Fort Lauderdale International Boat Show, we were proud to announce plans for a totally new generation of high-performance Hatteras sport-fishing boats that will be built in New Bern, North Carolina. We are optimistic that employment at the Hatteras plant will continue to grow as the next generation of high-performance Hatteras boats is brought online.

“We are happy with our decision to relocate the manufacturing of both Ranger and Mako saltwater brands to this plant and we look forward to being good neighbours in the New Bern community, through good times and bad, for many years to come. As we navigate these uncertain economic times, we are making every effort to fairly support our people, as we recognise they are the backbone of our heritage and our future.”

Hatteras Yachts was founded as a luxury yacht manufacturer in 1959 and had a workforce of over 1,300 at August 2023. The company was bought by White River Marine Group in May 2021 and received special incentives from the county and state in a five-year agreement, stating it would open a recreational boat facility hiring 500 workers by 2026.

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Hatteras Cabo Yachts in New Bern lays off 23

by Jason O. Boyd

NEW BERN, Craven County - Hatteras Cabo Yachts in New Bern had a round of layoffs on Friday.

According to Joe Cacopardo, a spokesperson for the company, 23 employees were laid off. Cacopardo said the layoffs are a direct result of a recent overall decrease in the large motor yacht market. He added the company is holding an event in September to bring 100 high-potential customers to New Bern for the premier of the company's new 90 motor yacht. The company expects the current market softness to be temporary and hope to see growth going forward.

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lwrandall senior member

Hatteras has announce another but significant lay off at their main facility in New Bern, NC. 330 workers in this round. Hatteras has gone from a high of 1400 employees to about 300. Very sad... Hatteras Yachts cuts 330 workers Sue Book January 14, 2009 - 7:45PM Hatteras Yachts laid off more than half the workforce at its New Bern plant on Tuesday and Wednesday as part of a companywide restructuring plan to stay afloat. The company cut 330 workers, said Bill Naumann, Hatteras Yachts chairman, and is redesigning its business model "to make us more nimble." The cuts included employees in management and in production jobs. Naumann came back to Hatteras in November from retirement to chart a course for change. He announced the restructuring on Wednesday along with Hatteras Collection President and CEO James Meyer after all employees affected had been advised of their status. "This is a small town; these people are our friends and neighbors," Naumann said. "This decision was painful but it was not difficult to figure out what you have to do to survive. We tried to do this decisively, quickly, and with compassion." Meyer said that at all levels, employees "took it well. These are class people, gracious people. They are hoping to come back and we're hoping to bring them back." Naumann said, "The bottom line is that over the last year the marine industry of which Hatteras is a part has deteriorated somewhere between 60 to 70 percent. We did what we had to do. Our goal is to salvage this company and reposition it for growth." Hatteras once employed about 1,400 people in New Bern. It has made changes to its operation over the last year in an effort to cope, including adding new models and scaling back the workforce. It closed its Swansboro facility last January, eliminating 200 jobs, and rolled out a 56-foot motor yacht in March. It cut 325 jobs at the New Bern and Edenton plants in August, then in December sold the Albemarle Plant in Edenton with about 100 employees. The company was established in 1959 and was acquired by Brunswick Corporation in 2001. It continues to produce two brands in New Bern and in Adelanto, Calif. The brands, Cabot and Hatteras Yachts, are sport fishing and motor yachts between 50 and 100 feet long. "Unfortunately, making fewer boats will mean fewer workers required and consequently, we have reduced our New Bern work force accordingly," Meyer said. The 330 layoffs this week leave the New Bern plant with 295 to 300 employees. Meyer and Naumann said those who were cut were told individually or in small groups. Meyer said that "due to the size of our workforce now, these were all good employees. In time, we hope to hire every one of them back." Neumann said, "Everybody was given some kind of severance package. We did not let anybody go without something. They all knew it was coming." The packages varied depending on the job and the employees' longevity and were determined by seniority, skill set, and versatility. They included pay and continuation of benefits, some "for a long time," Naumann said. The marine industry is cyclical and has seen significant cutbacks at the New Bern Hatteras plant in 1995 and 2001, Naumann said. The kind of customers who buy Hatteras Yachts often "have the money but lose the will to spend the money in bad times," he said. Demand is expected to return with a return of consumer confidence, probably when the Dow Jones Industrial Average hits 10,000 and the Standard and Poor's hits 1200 as two key indicators. "The plan is to maintain a 32-hour work week and ... to try to retain as many skill sets as possible so we can quickly ramp up when that comes," Naumann said. An order of employee recall will depend on demand. Meyer said that "our business will come back as fast as it left us." He said that "when an industry falls off the cliff you can't take out cost fast enough" to avoid losing money in the short term but the restructuring is coming quickly enough to keep the company solvent for comeback.

993RSR Senior Member

This type of contraction is not limited to Hatteras. Manufacturers of watches, shoes, aircraft, RV's and cork screws are laying off. In the past 50% of the goods consumed were purchased by people who qualified for "terms". Trading in the 20K SUV they owed $33K on and no money down financing $58K on a very nice $45K ride. Now that these terms (consumers) have been (rightfully so) excluded and the qualified consumers have taken a wait a see stance consuming is at a stand still. New boats, all, are suffering. Used boats, with few exceptions, are changing hands at very low values.

Capt J Senior Member

It is very sad to hear that Hatteras is laying off that many people. I spent a week in New Bern, and there are NO other jobs to speak of in that town or for about an hour around it. Aside from a few mom and pop stores and a few hotels, Hatteras pretty much supported the entire local economy by employing so many people.

Fishtigua Senior Member

A little ray of hope. There is a small yard in England that makes gaff cutters called Cornish Crabbers. They went into administration but a guy who bought one earlier in the year had so many compliments from fellow sailors he bought the company and restarted production. Light at the end of the tunnel?

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Hatteras Yachts Layoffs

Recent news and discussions about hatteras yachts layoffs, hatteras cabo yachts in new bern lays off 23 – wcti.

https://wcti12.com/news/local/hatteras-cabo-yachts-in-new-bern-lays-off-23

Hatteras Yachts Layoffs | WCTI

https://wcti12.com/archive/hatteras-yachts-layoffs

Aug 2, 2010 — More than 300 jobs have been cut at Hatteras Yachts and partner company Albemarle Yachts, effective Thursday. 325 people have been laid off …

Working at Hatteras Yachts: Employee Reviews | Indeed.com

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A New Round of Lay-Offs at Hatteras – YachtForums

http://www.yachtforums.com/threads/a-new-round-of-lay-offs-at-hatteras.10566/

Jan 15, 2009 — Hatteras has announce another but significant lay off at their main facility in New Bern, NC. 330 workers in this round.

325 people laid off from Hatteras Yachts in N.C. | Business …

https://thetandd.com/business/325-people-laid-off-from-hatteras-yachts-in-n-c/article_074de5c5-0bc2-5360-8845-312a9edd05ba.html

NEW BERN, N.C. – More than 300 people have lost their jobs at Hatteras Yachts ‘ boat-building plants in New Bern and Edenton.

Hatteras Yachts for sale – YachtWorld

https://www.yachtworld.com/boats-for-sale/make-hatteras/

Hatteras Yachts for sale · Hatteras 36m · Hatteras 105 · Hatteras 105 Motor Yacht · Hatteras 100 Motor Yacht · Hatteras 100 MY · Hatteras 100 Motor Yacht · Hatteras …

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Experience a life without limits with Hatteras Yachts , the industry leader in convertible sport fishing yachts for 60 years.

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Used Hatteras for Sale · Used Hatteras 100 Raised Pilothouse · Used Hatteras 105 Raised Pilothouse Yacht · Used Hatteras 45 Express · Used Hatteras 54 Convertible …

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Hatteras Sportfish Yachts for Sale

Model name PRODUCTION YEARS LOA BEAM DRAFT Hatteras 45 Convertible 1984 ‐ 1988 45′ 8″ 14′ 6″ 4′ 6″ Hatteras 45 Convertible 1989 ‐ 1991 45′ 8″ 14′ 6″ 4′ 7″ Hatteras 46 Convertible 1974 ‐ 1985 46′ 2″ 14′ 9″ 4′ 2″ View 89 more rows

Frequently Asked Questions

Is Hatteras Yachts still in business?

Boat manufacturer White River Marine Group has announced it has acquired Hatteras Yachts and will invest $34 million to upgrade the New Bern facility on Glenburnie Road, with a target of adding 500 new jobs.

Did Bass Pro Shops Buy Hatteras Yachts?

Bass Pro’s White River Marine Group Buys Boat Manufacturer Hatteras Yachts . White River Marine Group, the fishing boat builder owned by Bass Pro Shops founder Johnny Morris, has acquired Hatteras Yachts and announced a major investment in the brand.

How much does a new Hatteras yacht cost?

If you are searching for a top-quality, comfortable, and seaworthy watercraft that will last, the brand Hatteras is the best place to begin . Their designs produce a more comfortable, safer, and drier ride than other yachts of similar size.

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Leading Companies Announcing Layoffs And Hiring Freezes in 2024

• May 31, 2024
• Layoff/Downsizing

The following is the list of major layoffs, job cuts, and hiring freezes announced by leading companies in 2024. Subscribe to Intellizence to get the complete layoffs, downsizing, job cuts, and hiring freeze data curated from news sources and WARN filings .

Since January 1st, 2024, 2847+ companies have announced mass layoffs.[Last update: May 09, 2024].

Layoff Tracker 2024 – Top Layoffs of The Week

• May 31, 2024: Lucid Group plans to slash hundreds of jobs in the Bay Area as part of a wrenching reorganization for the maker of electric vehicles.
• May 30, 2024: Eastern Bank expects to cut 90 employees due to the Cambridge Trust merger.
• May 29, 2024: Fisker cuts hundreds of workers to keep EV startup alive.
• May 28, 2024: Pharmaceutical company Takeda to lay off over 600 employees in Massachusetts.
• May 27, 2024: Campbell Soup will cut 415 jobs as it restructures its manufacturing plants.

Announced Month / Year Company Industry HeadQuarters No. of Jobs May 2024 Telstra Telecommunications Australia 2800 May 2024 Guild Education USA 300 May 2024 HNI Manufacturing USA 200 May 2024 Silo Food USA 30% of workforce May 2024 Indeed Technology USA 1000 May 2024 Motional Auto Technology USA 550 May 2024 Citi Group Banking & Financial Services USA 4500 May 2024 Vacasa Tourism USA 800 May 2024 TSB Bank Banking & Financial Services UK 250 May 2024 Tesla Automobile USA 500 May 2024 Peloton Consumer Products USA 400 May 2024 Emergent BioSolutions Biotechnology USA 300 April 2024 Whitbread Restaurants & Food Services UK 1500 April 2024 Tesla Automobile USA 6000 April 2024 Bristol Myers Squibb Pharmaceutical USA 2000 April 2024 Southwest Airlines Aviation USA 2000 April 2024 Textron Conglomerate USA 1500 April 2024 Apple Technology USA 600 April 2024 Quaker Oats Consumer Products USA 500 April 2024 Hartford Public Schools Education USA 400 April 2024 Lightspeed Commerce Technology USA 280 March 2024 Metro Bank Banking UK 1000 March 2024 PwC Australia Financial Services Australia 366 March 2024 Spruce Biosciences Biotechnology USA 21% of workforce March 2024 Lumentum Telecommunication USA 750 March 2024 Alshaya Group Hospitality Kuwait 2000 February 2024 Expedia Tourism & Hospitality USA 1500 February 2024 Northrop Grumman Aerospace & Defense USA 1000 February 2024 Sony Consumer Products Japan 900 February 2024 Continental AG Automobile Germany 7150 February 2024 Cisco Systems Technology USA 4000 February 2024 ThyssenKrupp AG Engineering, Procurement & Construction, Conglomerate Germany 2370 February 2024 Nike Manufacturing USA 1600 February 2024 Bell Media Media & Entertainment Canada 4800 February 2024 Estee Lauder Consumer Products USA 3100 February 2024 Ford Automobile USA 2700 February 2024 Miele Retail Germany 2700 February 2024 UPS Logistics & Supply Chain USA 12,000 February 2024 Deutsche Bank Banking & Financial Services Germany 3500 February 2024 American Airlines Aviation USA 656 February 2024 Okta Technology USA 400 January 2024 Microsoft Technology USA 1900 January 2024 Lloyds Banking Group Banking USA 1600 January 2024 Valeo Automobile France 750 January 2024 eBay eCommerce USA 1000 January 2024 Salesforce Technology USA 700 January 2024 Corning Inc. Manufacturing USA 1000 January 2024 Tata Steel Manufacturing India 2800 January 2024 Macy's Retail USA 2000 January 2024 Wayfair Retail USA 1650 January 2024 Bosch Technology Germany 1200 January 2024 Truist Financial Financial Services USA 1000 January 2024 Mastermind Consumer Products USA 272 January 2024 Google Technology USA 1000 January 2024 Citi Group Banking USA 20,000 January 2024 GDI Integrated Facilities Services Consumer Services Canada 1867 January 2024 Unity Software Technology USA 1800 January 2024 Twitch Media & Entertainment USA 500 January 2024 Kelly-Moore Paints Co. (furloughed) Consumer Products USA 700 January 2024 Johnsonville Consumer Products USA 400 January 2024 Enphase Energy Energy & Utilities USA 340 January 2024 Telefonica Telecommunication Spain 3421 January 2024 Xerox IT & Outsourcing USA 15% of Workforce December 2023 Bolt.Earth Automobile USA 20% of Workforce December 2023 Google Technology USA 30,000 December 2023 Telefonica Telecommunication USA 3400 December 2023 Paytm Technology India 1000 December 2023 PT Waskita Karya Construction Indonesia 500 December 2023 Agilent Technology Technology USA 400 December 2023 ShareChat Technology India 200 December 2023 Hasbro Consumer Products USA 1100 December 2023 Sheffield Hallam University Education UK 1700 (VSS) December 2023 State Street Corp. Financial Services USA 1500 December 2023 General Motors Automobile USA 1314 December 2023 Cruise Automobile USA 940 December 2023 Alitalia Aviation Italy 3000 December 2023 Spotify Media & Entertainment USA 1500 December 2023 GAC Honda Automobile Co Automobile China 900 December 2023 CBC and Radio-Canada Media & Entertainment Canada 600 December 2023 TD Bank Group Banking USA 3000 December 2023 ArcelorMittal Steel & Mining Luxembourg 3500 December 2023 Textron Inc. Conglomerate USA 725 December 2023 VF Corp. Retail USA 500 December 2023 Michelin Consumer Products Germany 1500 December 2023 Broadcom Technology USA 1300 November 2023 Capita IT Services & Outsourcing UK 900 November 2023 Nien Hsing Textile Co. Textiles Taiwan 700 November 2023 Surefox North America Security USA 386 November 2023 Stellantis Automobile Netherlands 6400 (Buyout) November 2023 HannesBrands Retail USA 1592 November 2023 Alstom Manufatcuring France 1500 November 2023 Embracer Group Tachnology USA 900 November 2023 Maersk Shipping & Ports Denmark 10,000 November 2023 Pico Technology USA 2000 November 2023 Block Technology USA 1000 November 2023 Viasat Telecommunication USA 800 November 2023 PricewaterhouseCoopers (PwC) Financial Services United Kingdom 600 November 2023 Charles Schwab Financial Services USA 2000 November 2023 The TVA Group Media & Entertainment Canada 547 November 2023 Splunk Technology USA 560 October 2023 VW Group Automobile Germany 2000 October 2023 Pfizer Biotechnology USA 800 October 2023 Yelloh Food delivery USA 750 October 2023 British Steel Metal & Mining UK 2000 October 2023 AGCO Manufacturing USA 900 (Furlough) October 2023 Fox Fashion Retail Israel 50% of Employees October 2023 AMD Technology USA 450 October 2023 Nokia Telecommunication Finland 14000 October 2023 Rolls-Royce Aviation England 2500 October 2023 International Paper Media & Entertainment USA 900 October 2023 LinkedIn Technology USA 668 October 2023 Qualcomm Technology USA 1260 (2.5% of the workforce) October 2023 Sana Biotechnology Healthcare USA 29% of the workforce October 2023 Washington Post Media & Entertainment USA 240 October 2023 Stellantis Automotive Netherlands 700 October 2023 Flexport Logistics USA 1000 October 2023 Juniper Network Technology USA 440 October 2023 Qualtrics Technology USA 780 (14% of the Employees) October 2023 Hopper Tourism & Hospitality Canada 30% of Employees October 2023 General Motors and Ford Motor Automobile USA 900 September 2023 Pushkin Industries Media & Entertainment USA 30% of Employees September 2023 Byju's Edutech India 5000 September 2023 Centene Corp. Healthcare USA 2000 (3% of Employees) September 2023 Epic Games Gaming Technology USA 830 (16% of Employees) September 2023 Kinnate Biopharma Biotechnology USA 70% of Employees September 2023 Cisco Systems Technology USA 350 September 2023 Outreach Technology USA 12% of its Employees September 2023 Airtable Technology USA 27% of Employees September 2023 Deloitte UK Financial Services USA 800 (3% of Employees) September 2023 Ford Automobile USA 600 (Temporarily) September 2023 General Motors Automobile USA 936 September 2023 Chargebee Technology India 10% of its Employees September 2023 Wilko Retail UK 1300 September 2023 Goodyear Tire Manufacturing UK 1200 September 2023 Hodinkee Retail USA 20% of its Employees September 2023 Slalom Consulting Financial Services USA 900 (7% of its Employees) September 2023 Roku Media & Entertainment USA 360 September 2023 Wilko Retail USA 1300 September 2023 Wells Fargo & Co. Financial Services USA 300 September 2023 UBS Baning & Financial Services USA 3000 August 2023 Farmers Insurance Insurance USA 2400 August 2023 Tyson Foods Consumer Products USA 4600 August 2023 T-Mobile Telecommunication USA 5000 August 2023 Royal Bank of Canada (RBC) Banking & Financial Services Canada 1800 August 2023 GM Automobile USA 936 August 2023 Giant Food Restaurant USA 400 August 2023 Chingari Technology India 50% of Employees August 2023 Phillips 66 Consumer Products USA 275 August 2023 Matheson Logistics USA 335 August 2023 Klaussner Furniture Industries Retail USA 800 August 2023 Cano Health Healthcare USA 700 August 2023 Credit Suisse Financial Services Switzerland 80% of Employees August 2023 Emergent BioSolutions Biopharmaceutical USA 400 August 2023 Yellow Corp. Transportation USA 30,000 August 2023 Telus Telecommunication Canada 6600 August 2023 CVS Health Healthcare USA 5000 August 2023 BCE Telecommunication Canada 1300 August 2023 AT&T Telecommunication USA 1000 August 2023 Accenture Technology Ireland 890 August 2023 Ericsson Technology Sweden 750 August 2023 Forvia Automobile France 500 July 2023 Biogen Biotechnology USA 1000 July 2023 Microsoft Technology USA 1000 July 2023 Lendlease Real Estate USA 740 July 2023 Pieris Pharmaceuticals Pharmaceuticals USA 70% of Employees July 2023 Telstra Telecom Australia 500 July 2023 Viaplay Media Sweden 450 July 2023 Canfor Animal Husbandry & Forestry Canada 450 July 2023 Dukaan Retail Inda 90% of Employees July 2023 Waycool Agritech India 350 July 2023 Skill-Lync Education India 20% of Employees July 2023 Regina Miracle Consumer Products Hongkong 8400 July 2023 Amdocs Technology USA 2000 July 2023 Viaplay Media & Entertainment Sweden 1000 July 2023 Goodyear Automobile USA 550 July 2023 Morrison Retail UK 450 July 2023 Walgreens Boots Alliance Pharmaceutical USA 393 June 2023 Open Society Foundations Not for Profit USA 40% of Employees June 2023 Xiaomi Communication China 500 June 2023 Payoneer Fintech USA 200 June 2023 Niantic Gaming USA 230 June 2023 GKN Aerospace Aviation UK 715 June 2023 Virgin Media O2 Telecommunication UK 2000 June 2023 UBS Group Financial Services Switzerland 35000 June 2023 Deutsche Bank Banking & Finance Germany 10% of Employees June 2023 Grab Ride Hailing & Food Delivery Singapore 1000 June 2023 OLX Group e-Commerce Amsterdam 800 June 2023 Ford Automobile USA 1000 June 2023 Citi Group Baning & Financial Services USA 5000 June 2023 Netflix Media & Entertainment USA 300 June 2023 Bell Canada (BCE) Media & Entertainment Canada 1300 June 2023 GrubHub Restaurant & Food Service USA 400 (15% of Employees) June 2023 TARA Mines Mining Ireland 650 June 2023 Grubhub Restaurant & Food Service USA 400 June 2023 Byju's Edutech India 1000 June 2023 Autoliv Automotive Sweden 8000 June 2023 SA Post Office (SAPO) Communication Pretoria 7000 June 2023 Check-Cap Ltd. Medical Devices Israel 90% of Employees June 2023 VDL NedCar Automotive Netherlands 1850 June 2023 Suncor Energy Energy & Utilities Canada 1500 June 2023 ZenDesk Technology USA 440 (8% of its global Employees) June 2023 Goodyear Automobile USA 550 May 2023 Orange Romania Telecommunications Romania 551 May 2023 Bitwise Industries Technology USA 900 May 2023 Airmeet Even Management India 30% of Employees May 2023 Rolls-Royce Holdings Automotive UK 3000 May 2023 Walgreens Retail USA 504 May 2023 Nordstrom Retail USA 379 May 2023 JPMorgan Chase & Co Banking, Financial Services USA 500 May 2023 First Citizen Banking USA 500 May 2023 First Republic Banking USA 1000 May 2023 Meta Technology USA 6000 May 2023 Avara Foods Consumer Products UK 500 May 2023 Reliance Retail Retail India 1500 May 2023 FaZe Clan Sports USA 40% of Employees May 2023 JioMart Retail India 700 May 2023 British Telecom Telecommunication UK 55000 May 2023 Meta Technology USA 1000 May 2023 Oracle Technology USA 3000 May 2023 Accenture Technology USA 400 May 2023 Walt Disney Entertainment USA 2500 May 2023 Vodafone Telecommunication UK 11,000 May 2023 Amazon eCommerce USA 500 May 2023 LinkedIn Technology USA 716 May 2023 Ochsner Health Healthcare USA 770 May 2023 Novavax Biotechnology USA 400 (20% of Employees) May 2023 Paramount Media Networks Media & Entertainment USA 25% of Employees May 2023 Cognizant Technology USA 3500 May 2023 Morgan Stanley Financial Services USA 3000 May 2023 Volvo Cars Automobile Sweden 1300 May 2023 Shopify eCommerce Canada 20% of Employees May 2023 Qualcomm Technology USA 5% OF Employees April 2023 Flink Delivery Services Germany 8000 (40% of Employees) April 2023 GAP Retail USA 1800 April 2023 3M Manufacturing USA 6000 April 2023 Walt Disney Entertainment USA 4000 April 2023 First Republic Bank Financial Services USA 2-% of Employees April 2023 Ernest & Young (EY) Financial Services USA 3000 April 2023 Deloitte Financial Services USA 1200 April 2023 Lyft Ride Sharing USA 1200 (30% of Employees) April 2023 F5 Cloud & Security Services USA 9% of Employees April 2023 David’s Bridal Retail USA 9000 April 2023 HyLife Foods Food Manufacturing USA 1000 April 2023 Olymel Food Manufacturing Canada 1000 April 2023 Red Cross NGO Switzerland 15000 April 2023 GM Automobile USA 5000 April 2023 Walmart eCommerce USA 2000 April 2023 Hyland Software Technology USA 1000 (20% of its Employees) March 2023 Lucid Group Automobile USA 1300 (18% of Employees) March 2023 McKinsey Financial Services USA 1400 March 2023 CoverMyMeds Pharmaceutical USA 815 March 2023 Electronic Arts Gaming Technology USA 780 March 2023 McLaren Healthcare USA 743 March 2023 Accenture Technology Ireland 19000 March 2023 Skoda Automobile Czech Republic 3000 March 2023 Amazon eCommerce USA 9000 March 2023 Indeed.com Hiring USA 2200 March 2023 Just Eat Food Delivery Netherlands 1700 March 2023 National Broadband Network (NBN) Media Australia 500 March 2023 Twitch Entertainment USA 400 March 2023 Meta Technology USA 10,000 March 2023 Tyson Foods Restaurant USA 1700 March 2023 Anchorage Digital Financial Services USA 20% of Employees March 2023 Vodafone Telecommunication UK 1000 March 2023 Kaleidoscope Fintech USA 30% of Employees March 2023 Johnson & Johnson Healthcare USA 1000 March 2023 Atlassian Technology Australia 500 (5% of Employees) March 2023 Xero Technology New Zealand 800 March 2023 Nordstrom Retail USA 2500 March 2023 General Motors Automotive USA 500 March 2023 Thoughworks Technology USA 500 (4% of Employees) February 2023 McKinsey Financial Services USA 2000 February 2023 Ericsson Telecommunications Sweden 8500 February 2023 Walmart Retail USA 600 February 2023 Ericsson Telecommunications Sweden 1400 February 2023 Twilio Telecommunications USA 17% of Employees) February 2023 Yahoo Technology USA 1600 (20% of Employees) February 2023 News Corp. Media USA 1250 (5% of Employees) February 2023 Walt Disney Entertainment USA 7000 February 2023 Zoom Technology USA 1300 February 2023 eBay eCommerce USA 500 February 2023 Boeing Aviation USA 2000 February 2023 Dell Technology USA 6650 February 2023 Byju’s Edutech India 1000 February 2023 Rivian Automobile USA 6% of Employees February 2023 FedEx Transportation USA 10% of Employees February 2023 Rivian Automobile USA 6% of Employees February 2023 UpStart Financial Services USA 365 January 2023 Goldman Sachs Financial Services USA 3200 January 2023 Amazon eCommerce USA 18000 January 2023 Groupon eCommerce USA 500 January 2023 Paypal Financial Services USA 2000 January 2023 Hubspot Technology USA 500 January 2023 Philips Consumer Products USA 6000 January 2023 Lam Research Manufacturing USA 1300 January 2023 Vacasa Real Estate USA 1300 January 2023 Best Buy Retail USA 700 January 2023 Spotify Media & Entertainment USA 600 January 2023 Goodyear Tire & Rubber Co. Manufacturing USA 500 January 2023 Hasbro Toys USA 1000 (15% of Employees) January 2023 Dow Chemicals Chemicals USA 2000 January 2023 SAP Technology Germany 2800 ( 2.5% of Employees) January 2023 IBM Technology USA 3900 ( 1.5% of Employees) January 2023 Spotify Technology Sweden 6% of Employees January 2023 3M Manufacturing USA 2500 January 2023 Alphabet Technology USA 12000 January 2023 Microsoft Technology USA 10000 January 2023 Capital One Financial Corp Financial Services USA 1100 January 2023 Salesforce Technology USA 8000 (10% of Employees) January 2023 GoMechanic Automobile India 70% of Employees January 2023 Swiggy Delivery Services India 10% of Employees January 2023 Stitch Fix eCommerce USA 20% of Employees January 2023 Mojo Vision Health Technology USA 75% of Employees January 2023 Cue Health Health Technology USA 388 January 2023 Huobi Global Financial Services China 20% of Employees January 2023 SuperRare Financial Services USA 30% of Employees January 2023 Scale AI Technology USA 20% of Employees January 2023 Coinbase Financial Services USA 950 January 2023 Informatica Technology USA 450 January 2023 Blend Technology USA 350 January 2023 Blackrock Financial Services USA 500 January 2023 Canfor Manufacturing Canada 300 January 2023 Loews Hotel Hospitality USA 320 January 2023 Nikola Motor Company Auto Technology USA 400 January 2023 ShareChat Technology India 500 January 2023 Wyre Financial Services (Crypto) USA 75 employees (100% of Employees) January 2023 Amdocs Telecommunications Israel 700

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Second round of layoffs announced at Minnesota boat manufacturer

An international maker of recreation vehicles has announced another large layoff at its boat plant in southern Minnesota. 

Alumacraft, which manufactures aluminum fishing boats and is owned by Canada-based Bombardier Recreational Products, Inc. (BRP), is located in St. Peter. On Thursday, BRP informed the Minnesota Department of Employment and Economic Development (DEED) that it had let go 106 of the plant's workers.

Described as a mass layoff, the decision was effective the same day, and included "new and low-hour employees."

DEED notes that none of the employees were represented by a union, and that none have bumping rights — which allows workers with seniority to move into other positions occupied by newer employees. 

"No specific reason for the layoff was provided," state officials say.

This is the second layoff at Alumacraft in under a year; in September 2023, BRP cut 68 employees from the same St. Peter plant . 

A BRP spokesperson told the Star Tribune  the layoffs were "part of the company's move to adjust boat production because of softening consumer demand."

The corporation, which also manufactures snowmobiles, ATVs and motorcycles, acquired Alumacraft in 2018 as part of a strategy to broaden its footprint in the boating industry. 

Alumacraft has been producing aluminum fishing boats since its creation in 1946. It has been operating in St. Peter since 1971, according to its website.