Concentrix Layoffs Hit its Pittsford Facility
Business services company Concentrix Corp. has just announced nearly 200 job cuts in the Rochester Area, adding to the recently growing list of New York job cuts. The Worker Adjustment and Retraining Notification (WARN) notice filed with the New York State Department of Labor reveals that 192 employees will lose their jobs in the latest Concentrix layoffs at the company’s Pittsford facility in the Rochester Area.
The layoffs account for more than one-third of the company’s total workforce of 521 workers employed at the facility. According to Concentrix, the layoffs have occurred after some job functions related to one of its local clients became redundant. Despite the mass Concentrix layoffs, the company confirms that it will not be closing its Rochester site, at least for now.
Layoffs No Longer New to Locals as Many Companies Cutting Jobs in Rochester Area
Concentrix’s layoffs are among the most significant job cuts that have taken place within the state this month. A quick look at this month’s WARN list shows that 15 WARN notices have already been filed in the New York state in the past one week alone leading to nearly 1,100 layoffs in just five days.
Likewise, companies in the Rochester area have been in the news for handing out pink slips to dozens of their employees over the past couple months. Business services companies have particularly been at the forefront of these job cuts.
Earlier in July, we reported of another business services company, Conduent Inc (NYSE:CNDT), cutting jobs in Rochester and Webster. A total of 187 employees lost their jobs at that time.
Only recently, we informed our readers of Xerox Corp’s (NYSE:XRX) layoffs in New York state, again taking place in Rochester and Webster, in addition to another location outside New York. A total of 100 employees were affected by the Xerox job cuts.
The most significant Rochester area layoffs, however, were the ones that followed in August after General Electric Company (NYSE:GE) announced a factory closure in the city and moved its manufacturing jobs to China. GE closing a factory caused a major blow to the city’s local business scene. Locals not only poured their outrage over the GE jobs leaving America, they were also found to be furious with New York State Governor Andrew Cuomo.
Economic Conditions to Blame for Growing Rochester Area Layoffs
Locals blame New York’s high corporate taxes for scaring businesses away to other states more conducive to businesses. Likewise, high income taxes are also equally discouraging for residents of the state.
After Trump’s ascendancy to the Oval Office, many have been criticizing the Democratic New York State Governor for not doing enough to cut taxes in the state to revive business activity.
The fact of the matter is that despite the stellar U.S. job growth numbers posted by the Bureau of Labor Statistics, unemployment has decreased at a slower pace than the national average in most of the New York and New Jersey counties. Also, in spite of the slow decrease, three of New York’s counties continue to have a much higher unemployment rate than the national average of 4.6%.
In particular, the city of Rochester, which falls under Monroe County, has an unemployment rate of six percent–much higher than the average U.S. unemployment rate. What’s even worse is that the majority of the area’s population is comprised of low-income earners.
These statistics undoubtedly point to the city’s dismal economic conditions, as more and more layoffs are being continually added to the dying business activity in the area.
Until the government fixes the economy in Rochester, it’s easy to predict that more businesses will continue to flee Rochester, leaving the city officials with the arduous challenge of tackling its growing unemployment.
“Concentrix cuts nearly 200 jobs in Rochester area, Democrat & Chronicle, October 6, 2017.
“Worker Adjustment and Retraining Notification,” New York State Department of Labor, last accessed October 10, 2017.
“Rochester, New York,” Sperling’s Best Places, last accessed October 10, 2017.