Location: California, USA.
Based on news reporting.
Peabody Engineering & Supply, Inc. has announced the closure of its California site, resulting in the layoff of approximately 50 employees. This decision comes as the company expands its operations in South Carolina, aiming to enhance its manufacturing capabilities. The layoffs are part of a strategic shift to consolidate resources and focus on growth in a more favorable business environment. The company has not specified a timeline for the layoffs, but they are expected to take effect soon as operations wind down in California.
Peabody Engineering & Supply, Inc. cut 50 jobs as of October 1, 2023.
That is roughly 1.7% of the 3,000 people Peabody Engineering & Supply, Inc. employs.
LayoffTalk has tracked 2 layoff events at Peabody Engineering & Supply, Inc. since October 2023, affecting a combined 69 employees.
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