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layoffs

Closeup of a young man in a furniture factory who puts together one part of the sofa with a stapler. AdobeStock photo
Nov 22, 2024

Bassett Furniture reduces workforce by 40

Bassett Furniture has announced a series of layoffs and retirements in a bid to better match its cost structure to the current rate of business, the home furniture manufacturer and retailer said in a news release Wednesday. This round of reductions, which included layoffs, early retirements and attrition, impacted 40 workers. Since the start of […]

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Sep 27, 2024

Sentara to cut 200 jobs across workforce

Sentara Health is cutting approximately 200 positions across its workforce, officials told employees this week. Most of the affected employees work for Sentara Health Plans and are based in Virginia, according to a statement issued Friday by the Hampton Roads-based health system. The cuts are related to the Medicaid redetermination process and associated decline in […]

VF Corp. to create 82 jobs in Henry County
May 22, 2024

Global apparel company VF to leave Martinsville in 2025

VF Corp., a Denver-based global apparel and footwear company with brands including Vans, The North Face, Timberland and Dickies, plans to close its distribution center in Martinsville in March 2025, the company confirmed Wednesday. “As part of VF’s Reinvent strategy, we have evaluated how we are shipping products to best meet the needs of our […]

Amazon is delaying construction on the second phase of its HQ2 East Coast headquarters in Arlington County. Rendering courtesy NBBJ
Mar 30, 2023

Amazon delays HQ2 phase two

Amazon.com Inc. is delaying construction on the second phase of HQ2, its $2.5 billion East Coast headquarters in Arlington County. The news comes as Amazon plans to open HQ2’s first phase, Metropolitan Park, in June, and as the Fortune Global 500 tech company laid off a record 18,000 workers amid concerns over slowing revenues and a potential recession. […]

Capital One's headquarters in McLean. Photo courtesy Capital One Financial Corp.
Jan 20, 2023

Report: Capital One cuts 1,100 jobs

According to a report Friday in Bloomberg, McLean-based Capital One Financial Corp. eliminated more than 1,100 technology positions this week. The McLean-based Fortune 500 banking company confirmed in a statement that it has cut jobs but declined to disclose how many and where. “These associates are located throughout our footprint,” a spokesperson said by email […]

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Aug 22, 2022

Va. layoffs and discharges down in June

Virginia companies put the brakes on layoffs in June, even as workers continued to seek new opportunities, refueling the Great Resignation. Virginia had 28,000 layoffs and discharges in June, a decrease of 13,000 from May, according to U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) data released last week. That marked […]

Corsicana Mattress Co. closing Chesterfield plant in Aug.
Jun 23, 2022

Corsicana Mattress Co. closing Chesterfield plant in Aug.

Chesterfield County’s former Symbol mattress production plant will close in August, laying off 54 employees, owner Corsicana Mattress Co. announced Thursday. Production will be absorbed into the company’s plants in Connecticut and North Carolina. “It appears that this location is a victim of both a competitive realignment and lower product demand,” Garrett Hart, director of[...]

IRS drops plan to use Va. firm’s facial recognition tech
Jun 21, 2022

McLean-based ID.me lays off 54 workers

McLean-based tech company ID.me Inc. has laid off 54 employees, months after the Internal Revenue Service — among other government agencies — said it would drop its plan to require taxpayers to submit to facial recognition via ID.me’s software. Fifty-four employees lost their jobs, according to the Worker Adjustment and Retraining Notification Act, which is […]

Jan 27, 2022

Va. job openings, number of hires rebound from October 2021

Virginia had 301,000 job openings in November, a small rebound from October 2021, according to U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) data released Jan. 21. In October 2021, job openings in Virginia declined by about 28,000, which was the largest drop among states. The Virginia job openings rate […]

Nov 5, 2021

Henrico’s Essex Bank to lay off 51 employees in merger

The Henrico County-based parent company of Essex Bank will lay off 51 employees as a result of its merger with Charleston, West Virginia-based United Bankshares Inc., the parent company of United Bank. The company filed a Worker Adjustment and Retraining Notification Act (WARN) notice with the Virginia Employment Commission on Friday, Oct. 29, notifying them […]

Apr 12, 2021

Nine newsroom employees to be laid off at Roanoke Times

Nine newsroom employees at The Roanoke Times were notified of their pending layoffs Monday by parent company Lee Enterprises Inc., according to the newspaper’s local newsroom union and multiple staff writers who spoke with Virginia Business. The layoffs, set to take effect April 23, would cut the editorial staff to 37 positions, a nearly 20% […]

The aircraft carrier John F. Kennedy (CVN 79) sits at Pier 3 at Newport News Shipbuilding division. Photo by Matt Hildreth, courtesy HII.
Feb 26, 2021

Newport News Shipbuilding lays off 314 employees

Newport News Shipbuilding has laid off 314 salaried employees and demoted 119 managers in its first workforce reduction since the shipyard laid off 1,218 employees in 2015, according to a letter sent to employees by the company’s president, Jennifer Boykin. “Today is a tough day as we say goodbye to 314 fellow shipbuilders as part […]

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