Thread regarding United States Layoffs layoffs

Layoff higher salaries to save the bonus payouts. It's the results of an entrepreneur throwing things at a fan and seeing what sticks rather than demonstrating real leadership and vision with what they're a steward of. Look no further than their zip codes. Don't be fooled that they're still not hiring.

What's happening with the Asurion reorganization? Is there any way for us to know it's done and layoffs are over?

By Adam Sichko – Senior Reporter, Nashville Business Journal
Jul 19, 2022
One of Nashville's biggest private companies is laying off hundreds of employees this week, according to multiple sources with knowledge of the cuts.
Asurion LLC began shrinking its workforce on July 18 and will continue layoffs through at least Wednesday, sources said. The total number of affected workers wasn't clear on Tuesday, though sources said it might tally as high as 750 or more, depending on how the reductions are made.

Comment from company officials was not immediately available Tuesday afternoon.
Asurion ranks among the 20 largest employers in Greater Nashville, with just more than 4,000 local workers, according to List research the Business Journal published last month. That reported headcount is a decline of about 600 from a couple of years ago.
Asurion's legacy business is selling insurance, protection plans and warranties for a range of electronic devices. The company also has continuously invested in what it dubs "tech care," troubleshooting and repairing just about anything with a power button — from smartphones and laptops to internet-connected home appliances and devices such as thermostats and security cameras.
It was not immediately clear how many job cuts were happening in Nashville, as opposed to Asurion offices in other states. Globally, the 19-year-old company has 25,000 employees in 55 locations, according to its careers website.
Asurion has ranked as Nashville's largest private company over the past several years, reporting $10.6 billion of 2020 revenue to the Business Journal. That sales figure is a 25% increase from 2018.
In that window, Asurion purchased the uBreakiFix device repair chain, which had 516 stores nationwide at the time. Asurion is renaming all uBreakiFix stores under the Asurion name and its purple branding color. There are more than 750 locations in the U.S. today, a boost of 230 or more since Asurion bought the business three years ago. This spring, the company opened Asurion Tech Repair & Solutions stores in Tyler, Texas; Toms River, New Jersey; Washington, Pennsylvania; and Elmhurst, Illinois. Some are located inside Staples stores and on military bases. Asurion is franchising other locations, such as one that was announced July 18 in Grass Valley, California.
This spring, Asurion rolled out a new appliance-repair division in nearly 20 cities, coast-to-coast. The service advertises fixes for washing machines, refrigerators, dishwashers and other appliances made by major brands including Samsung, LG and Whirlpool.
At the end of 2021, Asurion finished moving into an all-glass Gulch headquarters that can fit 2,700 workers or more. The $285 million office complex, in the works for nearly five years, contains about 550,000 square feet of space and boasts an array of amenities. The project was backed by a $4.4 million state grant, tied to Asurion's pledge to add 400 jobs in a five-year span.
Asurion's job cuts come against a backdrop of an incredibly muddied economic outlook, with a range of data communicating conflicting signals, causing many companies to rein in spending and prepare for a potential recession. The chief economist at Goldman Sachs this week predicted job growth would "fall "sharply" — though he also forecast the economy would stay out of recession territory.

Major companies have slowed or halted hiring in recent weeks, such as Apple, Amazon, Google and Facebook parent Meta. Many others are cutting jobs, such as Microsoft, Netflix, TikTok, as well as electric vehicle makers Tesla and Rivian.