2017 was full of job cuts and layoffs for the U.S. and 2018 starts with the same scenario. The Coca-Cola Co (NYSE:KO) announced an additional 53 layoffs in Atlanta at the start of 2018. Pfizer Inc. (NYSE:PFE) issued three WARN notices regarding New York layoffs. Allergan plc (NYSE:AGN) announced the cutting of over 1,000 jobs across Allergan’s commercial team and other areas as a cost-cutting measure. Dole Food Company, Inc. will lay off 140 workers in Watsonville, CA by mid-January to reduce its operations. Digital Ally, Inc. (NASDAQ:DGLY) has cut 63 employees from its workforce as its third-quarter revenue declined by 31%.
The Coca-Cola Co reported to the State of Georgia that it plans to lay off 53 people on February 28, 2018. The layoffs include 47 employees at 1 Coca-Cola Plaza in Atlanta, five employees at 121 Baker Street (also in Atlanta), and one employee at 1150 Sanctuary Parkway in Alpharetta. Read on to know more.
Pfizer Inc. has undertaken several rounds of job cuts in the past several weeks in an effort to reduce costs. The Pfizer layoffs in 2018 were laid out in three WARN notices, with the most recent Pfizer WARN notice stating that a Pfizer plant closing will leave 13 people without work when it takes effect on March 30, 2018.
The other two WARN notices, taking place in mid-February and early March, will cut three and five people, respectively. All three staff reductions were made in Clinton County. These New York layoffs represent one of the first rounds of pharma layoffs in 2018, although they are certainly not the only cuts being made in the industry this year. Read on to know more.
Dublin-based drugmaker Allergan plc has started off 2018 with a massive round of layoffs, part of the first set of pharma layoffs in 2018. It was announced that the company is cutting over 1,000 jobs across Allergan’s commercial team and other areas. Allergan’s layoffs for 2018 also include eliminating another 400 currently open positions. The reductions are part of Allergan’s cost-cutting initiative as it faces stiff competition from generic drugmakers for its flagship dry eye drug, “Restasis.” So far, it has not been specified where Allergan’s elimination of positions will take place. The drugmaker has a presence in 100 countries. Read on to know more.
Dole Food Company, Inc. will lay off 140 workers in California by mid-January following the cessation of some of its raspberry-harvesting operations. The Dole layoffs in 2018 follow what was a difficult time for the world’s largest fresh fruit and vegetable company. The agribusiness laid off hundreds of employees in 2017, and the Dole berry operations were similarly cut last year. Read on to know more.
Digital Ally, a video surveillance company, has cut 63 employees from its workforce following a weak quarterly report. These Digital Ally layoffs come as the company experienced a steep decline in revenue in the third quarter. Digital Ally’s revenue decline was due to a number of different factors but ultimately led to the company’s shedding of workers. Digital Ally, a Kansas-based company, has issued a Worker Adjustment and Retraining Notification (WARN) notice with the state. Read on to know more.