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LATEST UPDATE ON CLOSURES AND SHRINKING ECONOMY
This **summary of known business closures and layoffs that have been announced or occurred since December 1, 2025 (through late December and into early 2026), based on recent business news:
*John Deere pulls hundreds of jobs from 2 Iowa plants as $200B manufacturing retreat deepens
-
American alcohol industry hit with wave of bankruptcies
-
Kroger closes 60 stores nationwide and lays off another 1,000 as slump deepens
-
Tyson shuts down 2 more plants amid smallest US cattle herd in 74 years—blames ‘Trump-era beef bubble’
-
Home Depot shuts down $10B Tennessee supply hub—entire workforce eliminated
-
Outback Steakhouse owner permanently shuts down locations in 8 states after $3M ‘turnaround plan’
-
Oregon mass layoffs near Great Recession pace as thousands lose their jobs
- ‘We’re struggling’—Arby’s permanently shuts locations nationwide after reporting $1.85B loss
-
Arby’s suddenly closes stores in biggest pullback in 8 states so far – 1,400 jobs vanish
-
Ford puts thousands of workers ‘on notice’ for working from home
-
World’s biggest gas companies exit California—Valero shutdown to cut 2 billion gallons of fuel supply
The Worker Adjustment and Retraining Notification (WARN) Act requires employers to give 60 days’ notice ahead of mass layoffs.
Mass layoffs occur when at least 50 employees are laid off during a 30-day period, affecting one-third of the workforce, or when 500 employees of any company are laid off during a 30-day period, according to the organization Legal Aid at Work. They also occur when a work site is closed and at least 50 employees are laid off in a 30-day period.
- MASS LAYOFF PROPOSED:
-
More than 100 companies have filed WARN notices indicating plans to lay off workers in January 2026, according to WARNTracker.com. The following companies have filed a notice.
- AARP
- AbbVie
- Adams County Public Hospital
- AeroFarms1526 Cane Creek
- Amazon
- Amentum
- American Signature, Inc.
- Apogee Architectural Metals
- Archer Daniels Midland Company
- Atkore Plastics Southeast
- Augusta Sportswear, Inc.
- Bechtel National Inc.
- Best Dressed Chicken, Inc.
- Blue Plate Oysterette LLC
- Blue Shield of California
- Bond 45 National Harbor Restaurant
- Braga Fresh Foods, LLC
- Building Materials Manufacturing LLC
- BWW Law Group, LLC
- Catalent, Maryland, Inc.
- Charles River Laboratories
- Clari Inc.
- CNO Financial Group
- Colonial Savings, F.A.
- ColWyo Coal Company LP
- CommUnify
- Consolidated Hospitality Supplies
- Corteva
- CoStar Group
- Couchbase, Inc.
- CRST Expedited, Inc.
- Dental Benefit Management, Inc.
- Dillard’s Inc.
- Dometic Corporation
- DRT, LLC
- DSV Air & Sea Inc.
- enDevelopment Logistics, LLC
- FedEx
- FreshRealm
- Fresno Economic Opportunities Commission
- Galleher LLC
- General Motors
- Giesecke + Devrient ePayments America Inc
- Gilead Sciences
- Grand Lux Café, LLC
- Great Floors
- H&M Fashion USA, Inc.
- HD Supply
- Heibar Installations Inc.
- Henkel Corporation
- HRL Laboratories
- Hudson
- Huntington National Bank
- Illumina
- ImmunityBio
- Inline Plastics
- Institute of International Education
- International Paper
- Invincible Boat Company
- Kloeckner Meals
- Lakeshore Learning Materials, LLC
- Louis Vuitton USA Inc.
- Lumileds
- Maritime Applied Physics Corporation
- Marshalls of CA, LLC
- Mattel
- McDonald’s
- MDWise
- Meteorcomm LLC
- Mettler-Toledo Rainin, LLC
- Michigan Sugar Company
- Middlebury Institute of International Studies at Monterey
- Nationstar Mortgage, LLC
- NIKE Retail Services, Inc.
- Nordstrom Portland Rack
- Ojai Valley Inn
- Palo Verde Hospital
- Panasonic Well LLC
- Peraton’s Environmental Integration Services III
- Post Consumer Brands, LLC
- Presbyterian Home for Central New York, Inc.
- Providence Health & Services
- Rad Power Bikes, Inc.
- RATP Dev and Midtown Group
- Raytheon Technologies
- Rebel Restaurants, Inc.
- Red Run Corporation T/A Food Depot
- Regional Medical Center of Central Alabama
- Retail Services WIS Corporation
- Revity, Inc.
- Roads Express, LLC
- Saddle Creek Logistics Service
- SC Industrial Holdings, LLC
- SDH Education West, LLC
- SDH Service East, LLC
- Shell Recharge Solutions
- SLO Brewing Co. LLC
- Smokin Bear LLC
- Smurfit Westrock
- Sodexo
- Spirit Airlines, LLC.
- Synopsys, Inc.
- Takeda Development Center Americas Inc.
- Terzo Enterprises Incorporated
- The Cheesecake Factory
- The French Gourmet, Inc.
- The Taubman Company
- TJX Companies, Inc.
- TransAlta
- United Supermarkets
- Van Law Food Products, Inc.
- Verizon
- Virginia Mason Franciscan
- Warner Music Group
- Wells Fargo
- West Fraser, Inc.
- White Coffee Corporation
- WIS International
- WWL Vehicle Services America, Inc.
What People Are Saying
Joanne Song McLaughlin, a labor economist at the University of Buffalo, previously told Newsweek in 2025: “The current economic uncertainty comes from volatility in trade and fiscal policies, and the government shutdown. We also experience underlying structural changes driven by AI, which I believe could have an interaction effect on the policy and political volatilities. Uncertainty makes it hard for employers to predict, so they will most likely reduce investment and employment.”
Businesses That Have Closed or Are Closing
Sprinkles Cupcakes
- The California-based dessert chain abruptly closed all ~20+ locations and its cupcake ATMs as of New Year’s Eve 2025. This ended operations and left many employees without jobs. (The Sun)
Food52, Inc. (Bankruptcy Filing)
- Food52, a Brooklyn-based home and cooking media & e-commerce company, filed for Chapter 11 bankruptcy in late December 2025 due to funding withdrawal. This move has drastically reduced its workforce and operations as it pursues a restructuring or sale. (New York Post)
Otis & Chuck’s Billiards (The OCB)
- A local pizza restaurant in Michigan ceased operations on Dec 31, 2025, closing its doors and eliminating jobs. (The Sun)
Significant Layoffs & Workforce Reductions
Geron Corporation
- Announced layoffs affecting ~87 employees in December 2025 as part of restructuring to improve commercial focus. (BioSpace)
Valneva (Biotech)
- Closed its Nantes, France R&D site, leaving ~30 workers jobless as operations shift to other locations. (BioSpace)
Omnicom (Advertising)
- Media/advertising giant announced cuts of ~4,000 jobs and the closure of several legacy ad agencies immediately after an IPG takeover announced on Dec 1, 2025. (Reuters)
SMU / ABM Texas General Services
- Southern Methodist University’s janitorial services contract ended, triggering ~211 layoffs effective March 12, 2026. (Chron)
Duke University Cost Cuts
- Duke announced staff buyouts and closure of buildings, part of a larger cost-cutting strategy due to federal funding reductions. Workforce effects include voluntary and some involuntary cuts. (The Times of India)
Broad Layoff Trends (Late 2025)
Even if not tied to a specific closure post–Dec 1, many large companies continued or announced workforce reductions late in 2025 that could impact employees into 2026:
Tech Sector (Ongoing / Carrying Over)
- Companies such as Amazon, Microsoft, Google, Meta, Salesforce, Intel, and others have had multiple rounds of layoffs throughout 2025. These layoffs continued into the end of the year or have lingering impacts in early 2026. (Business Insider)
- Entertainment & Media layoffs
- The entertainment/media sector saw over 17,000 jobs cut in 2025 due to restructuring and mergers, affecting companies like Paramount, Warner Bros. Discovery, NBCUniversal, CNN, and others. (New York Post)
Annual Layoff Wave
- Data from year-end reports shows employer layoff announcements in 2025 exceeded 1.17 million, driven by restructuring, AI adoption, and economic pressures—many layoffs announced in November and December take effect after Dec 1. (CBS News)
What This Means
Since Dec 1, 2025, the biggest confirmed closures and layoffs include:
- Sprinkles Cupcakes — full closure of stores.
- Food52, Inc. — bankruptcy.
- Omnicom — ~4,000 jobs cut.
- Geron Corporation — ~87 layoffs.
- Valneva — ~30 layoffs at a site closure.
- SMU contract layoffs — ~211 workers.
- Duke University restructuring — staffing impacts.
These occur alongside ongoing layoff trends across major tech and media companies from late 2025 that continue into early 2026.
2025 LATEST CLOSURES AND DOWNSIZING
Tyson permanently closes 2 plants and drops 4,900 workers as US cattle craters to 75 year low
Agriculture giant shuts $17M facility—172 Virginia workers lose jobs before Christmas
Amazon abandons $400M Arkansas hub—4,100 jobs eliminated over ‘unfixable flaws’
Jim Beam shuts down bourbon production as Trump trade wars cripple industry
Here’s a list of U.S. businesses that have closed facilities or announced layoffs/downsizing in 2025, along with approximate number of employees affected (where data is available from recent reports and WARN notices). This includes plant closures, office shutdowns, store closures, and large layoffs announced this year:
- Chron
- AP News
- Chron
- San Francisco Chronicle
- The Sun
- BioSpace
- Business Insider
- Fierce Healthcare
- Women’s Wear Daily
- Deadline
- TheStreet
Major Closures & Layoffs (Companies & Employee Impacts)
1. Tyson Foods — Beef Plant Closure (Lexington, NE)
- Closure: Tyson is closing its beef processing plant in Lexington, Nebraska.
- Employees affected: ~3,200 direct jobs lost plus estimated up to 7,000 total regional job losses from economic impact. (AP News)
2. Westlake Corporation — Chemical Plant Shutdowns
- Closure: Closing 3–4 chemical facilities in Louisiana/Gulf Coast.
- Employees affected: ~295 layoffs due to plant closures. (Chron)
3. bioMérieux — Silicon Valley Office Closure
- Closure: Shutting down San Jose office permanently.
- Employees affected: 121 layoffs. (San Francisco Chronicle)
4. Hudson’s Bay (Department Store)
- Closure: All U.S. stores liquidated and shut down by mid-2025.
- Employees affected: ~8,000 layoffs. (Wikipedia)
5. Red Lobster — Downsizing After Bankruptcy
- Downsizing: Layoffs as part of restructuring after bankruptcy.
- Employees affected: ~200 layoffs. (The Sun)
Major National Layoffs Across Sectors (2025 Announced)
These are workforce reductions and not always full business closures:
Big Corporate Layoffs
- Amazon: ~14,000 corporate roles cut (largest reduction in its history). (The Economic Times)
- Microsoft: 15,000+ total layoff rounds (6,000 + 9,000). (Wikipedia)
- UPS: ~48,000 job cuts. (The Economic Times)
- Intel: ~24,000 layoffs. (The Economic Times)
- Nestlé (U.S. & global impact): ~16,000 layoffs. (The Economic Times)
- Verizon / Telecom: ~15,000 layoffs. (The Economic Times)
- Ford: ~8,000–13,000 layoffs during restructuring. (The Economic Times)
- Paramount: ~2,000 layoffs. (The Economic Times)
- Oracle: ~355 layoffs (101 Seattle + 254 San Francisco). (The Economic Times)
- Salesforce: ~262 layoffs (San Francisco focused). (The Economic Times)
Retail & Consumer
- Kohl’s: ~9,600 layoffs. (mint)
- Starbucks: ~1,100 layoffs. (mint)
- Estee Lauder: ~7,000 layoffs. (mint)
- Big Lots: ~1,000 layoffs. (Forbes)
- Party City: ~16,000 layoffs tied to bankruptcy. (Forbes)
- Joann Fabrics: ~19,000 layoffs tied to bankruptcy. (Forbes)
- Kroger Distribution Centers: 3 facility closures (~1,000+ layoffs). (IndexBox)
- Baker & Taylor (Distribution): ~1,500 layoffs. (IndexBox)
- Fanatics (Tampa): ~286 layoffs. (IndexBox)
Healthcare & Services
- Mass General Brigham: ~1,500 job cuts across administrative roles. (Wikipedia)
- Providence / Oak Street Health: Hundreds more job cuts in healthcare sector. (Fierce Healthcare)
Overall Layoff Context
- Total U.S. layoffs in 2025: ~1.17 million announced across public & private sectors — the highest since the pandemic era. (The Economic Times)
- Impacts span technology, retail, logistics, energy, automotive, and healthcare sectors.
Notes
- Some layoffs represent downsizing, not full business closures; others involve facility shutdowns.
- Numbers may vary as companies update plans or file multiple WARN notices.
- Local small business closures are not comprehensively tracked nationally, as reporting is uneven.
This **summary of known business closures and layoffs that have been announced or occurred since December 1, 2025 (through late December and into early 2026), based on recent business news:
Businesses That Have Closed or Are Closing
Sprinkles Cupcakes
- The California-based dessert chain abruptly closed all ~20+ locations and its cupcake ATMs as of New Year’s Eve 2025. This ended operations and left many employees without jobs. (The Sun)
Food52, Inc. (Bankruptcy Filing)
- Food52, a Brooklyn-based home and cooking media & e-commerce company, filed for Chapter 11 bankruptcy in late December 2025 due to funding withdrawal. This move has drastically reduced its workforce and operations as it pursues a restructuring or sale. (New York Post)
Otis & Chuck’s Billiards (The OCB)
- A local pizza restaurant in Michigan ceased operations on Dec 31, 2025, closing its doors and eliminating jobs. (The Sun)
Significant Layoffs & Workforce Reductions
Geron Corporation
- Announced layoffs affecting ~87 employees in December 2025 as part of restructuring to improve commercial focus. (BioSpace)
Valneva (Biotech)
- Closed its Nantes, France R&D site, leaving ~30 workers jobless as operations shift to other locations. (BioSpace)
Omnicom (Advertising)
- Media/advertising giant announced cuts of ~4,000 jobs and the closure of several legacy ad agencies immediately after an IPG takeover announced on Dec 1, 2025. (Reuters)
SMU / ABM Texas General Services
- Southern Methodist University’s janitorial services contract ended, triggering ~211 layoffs effective March 12, 2026. (Chron)
Duke University Cost Cuts
- Duke announced staff buyouts and closure of buildings, part of a larger cost-cutting strategy due to federal funding reductions. Workforce effects include voluntary and some involuntary cuts. (The Times of India)
Broad Layoff Trends (Late 2025)
Even if not tied to a specific closure post–Dec 1, many large companies continued or announced workforce reductions late in 2025 that could impact employees into 2026:
Tech Sector (Ongoing / Carrying Over)
- Companies such as Amazon, Microsoft, Google, Meta, Salesforce, Intel, and others have had multiple rounds of layoffs throughout 2025. These layoffs continued into the end of the year or have lingering impacts in early 2026. (Business Insider)
- Entertainment & Media layoffs
- The entertainment/media sector saw over 17,000 jobs cut in 2025 due to restructuring and mergers, affecting companies like Paramount, Warner Bros. Discovery, NBCUniversal, CNN, and others. (New York Post)
Annual Layoff Wave
- Data from year-end reports shows employer layoff announcements in 2025 exceeded 1.17 million, driven by restructuring, AI adoption, and economic pressures—many layoffs announced in November and December take effect after Dec 1. (CBS News)
What This Means
Since Dec 1, 2025, the biggest confirmed closures and layoffs include:
- Sprinkles Cupcakes — full closure of stores.
- Food52, Inc. — bankruptcy.
- Omnicom — ~4,000 jobs cut.
- Geron Corporation — ~87 layoffs.
- Valneva — ~30 layoffs at a site closure.
- SMU contract layoffs — ~211 workers.
- Duke University restructuring — staffing impacts.
These occur alongside ongoing layoff trends across major tech and media companies from late 2025 that continue into early 2026.
2025 LATEST CLOSURES AND DOWNSIZING
Tyson permanently closes 2 plants and drops 4,900 workers as US cattle craters to 75 year low
Agriculture giant shuts $17M facility—172 Virginia workers lose jobs before Christmas
Amazon abandons $400M Arkansas hub—4,100 jobs eliminated over ‘unfixable flaws’
Jim Beam shuts down bourbon production as Trump trade wars cripple industry
Here’s a list of U.S. businesses that have closed facilities or announced layoffs/downsizing in 2025, along with approximate number of employees affected (where data is available from recent reports and WARN notices). This includes plant closures, office shutdowns, store closures, and large layoffs announced this year:
- Chron
- AP News
- Chron
- San Francisco Chronicle
- The Sun
- BioSpace
- Business Insider
- Fierce Healthcare
- Women’s Wear Daily
- Deadline
- TheStreet
Major Closures & Layoffs (Companies & Employee Impacts)
1. Tyson Foods — Beef Plant Closure (Lexington, NE)
- Closure: Tyson is closing its beef processing plant in Lexington, Nebraska.
- Employees affected: ~3,200 direct jobs lost plus estimated up to 7,000 total regional job losses from economic impact. (AP News)
2. Westlake Corporation — Chemical Plant Shutdowns
- Closure: Closing 3–4 chemical facilities in Louisiana/Gulf Coast.
- Employees affected: ~295 layoffs due to plant closures. (Chron)
3. bioMérieux — Silicon Valley Office Closure
- Closure: Shutting down San Jose office permanently.
- Employees affected: 121 layoffs. (San Francisco Chronicle)
4. Hudson’s Bay (Department Store)
- Closure: All U.S. stores liquidated and shut down by mid-2025.
- Employees affected: ~8,000 layoffs. (Wikipedia)
5. Red Lobster — Downsizing After Bankruptcy
- Downsizing: Layoffs as part of restructuring after bankruptcy.
- Employees affected: ~200 layoffs. (The Sun)
Major National Layoffs Across Sectors (2025 Announced)
These are workforce reductions and not always full business closures:
Big Corporate Layoffs
- Amazon: ~14,000 corporate roles cut (largest reduction in its history). (The Economic Times)
- Microsoft: 15,000+ total layoff rounds (6,000 + 9,000). (Wikipedia)
- UPS: ~48,000 job cuts. (The Economic Times)
- Intel: ~24,000 layoffs. (The Economic Times)
- Nestlé (U.S. & global impact): ~16,000 layoffs. (The Economic Times)
- Verizon / Telecom: ~15,000 layoffs. (The Economic Times)
- Ford: ~8,000–13,000 layoffs during restructuring. (The Economic Times)
- Paramount: ~2,000 layoffs. (The Economic Times)
- Oracle: ~355 layoffs (101 Seattle + 254 San Francisco). (The Economic Times)
- Salesforce: ~262 layoffs (San Francisco focused). (The Economic Times)
Retail & Consumer
- Kohl’s: ~9,600 layoffs. (mint)
- Starbucks: ~1,100 layoffs. (mint)
- Estee Lauder: ~7,000 layoffs. (mint)
- Big Lots: ~1,000 layoffs. (Forbes)
- Party City: ~16,000 layoffs tied to bankruptcy. (Forbes)
- Joann Fabrics: ~19,000 layoffs tied to bankruptcy. (Forbes)
- Kroger Distribution Centers: 3 facility closures (~1,000+ layoffs). (IndexBox)
- Baker & Taylor (Distribution): ~1,500 layoffs. (IndexBox)
- Fanatics (Tampa): ~286 layoffs. (IndexBox)
Healthcare & Services
- Mass General Brigham: ~1,500 job cuts across administrative roles. (Wikipedia)
- Providence / Oak Street Health: Hundreds more job cuts in healthcare sector. (Fierce Healthcare)
Overall Layoff Context
- Total U.S. layoffs in 2025: ~1.17 million announced across public & private sectors — the highest since the pandemic era. (The Economic Times)
- Impacts span technology, retail, logistics, energy, automotive, and healthcare sectors.
Notes
- Some layoffs represent downsizing, not full business closures; others involve facility shutdowns.
- Numbers may vary as companies update plans or file multiple WARN notices.
- Local small business closures are not comprehensively tracked nationally, as reporting is uneven.
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