San Antonio Faces Wave of Layoffs in 2024
Overview of Layoff Trends
This year, Bexar County has seen significant layoffs affecting hundreds of workers. Reports indicate that over 880 employees have lost their jobs due to numerous companies downsizing or closing operations. As per the Worker Adjustment and Retraining Notification (WARN) Act, businesses must provide advance notice of layoffs, aiming to protect affected workers and their families.
Companies Impacted by Layoffs
Several companies have reported substantial layoffs this year, impacting numerous workers. Notable layoffs include:
- ABM Industries, Inc.: 176 workers on March 2, 2024
- BIMBO Bakeries USA, Inc.: 138 workers scheduled for October 5, 2024
- Joyson Safety Systems: 108 workers laid off on June 1, 2024
- 99 Cents Only Stores: 100 workers on June 3, 2024
- Kroger Fulfillment Network LLC-San Antonio: 73 workers on March 25, 2024
- WFS Express, Inc.: 65 workers on April 10, 2024
- Technica Corporation: 60 workers on February 15, 2024
- Quality Custom Distribution: 57 workers scheduled for September 27, 2024
- HII Mission Technologies: 57 workers on July 31, 2024
- Coach USA (Kerrville Bus Company): 50 workers scheduled for September 3, 2024
Economic Impact
Despite the considerable layoffs, the overall economic landscape in San Antonio appears relatively stable. David McPherson, chair of the Economics Department at Trinity University, stated that while these layoffs are significant, they represent a small fraction of the overall workforce in San Antonio. “You’re not going to see a large impact on the economy,” McPherson noted, adding that the layoffs mainly affect the individuals directly involved.
The unemployment rate in Bexar County has risen to 4.2%, compared to 3.5% the previous month and 3.8% in June 2023. However, it still lags behind national trends, as noted by James Keith, director of Public and Government Relations for Workforce Solutions Alamo. “Whenever you look at it on a larger scale across the nation, we are actually doing better than most other places,” Keith pointed out.
Support for Affected Workers
In light of these layoffs, Workforce Solutions has stepped in to assist displaced workers. Keith emphasized the organization’s commitment to providing resources and training to help individuals return to the workforce. “We operate career centers across the area, aiming to get people back to work,” he said.
Though some workers may find it challenging to return to their previous industry, Workforce Solutions can help align their skills with new opportunities. “We want to interview those folks, figure out what skills they have. ‘Are there transferable skills that can go into another industry?’ ” Keith explained, highlighting their customizable training programs that cater to specific needs.
Looking Ahead
While the manufacturing sector may be shrinking, other areas are on the rise, particularly in the construction industry. Exciting prospects for growth, with companies like Toyota and JCB expanding operations, suggest ongoing job opportunities in other fields. Keith remains optimistic, stating, “If you look at the broader picture, we are still seeing jobs opening up here and opportunities for people who are interested in transitioning into those fields.”
