Jabil plans site closures and 1,000+ temporary layoffs in California - Silicon Valley Business Journal

Jabil Inc. plans to temporarily shut down some manufacturing facilities in California later this year, according to layoff notices filed last month in California's Employment Development Department.

According to a spokesperson for Jabil, the company closes down some of its sites every year during the holiday season to give employees a chance to recharge before returning back to work in January. Jabil is the largest public company in Tampa Bay and the second largest public company in Florida, with $29.3 billion in revenue and 260,000 employees across 100 locations in more than 30 countries last year.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Ampere Computing CEO Renee James is optimimistic amid possible recession - Silicon Valley Business JournalThe former Intel President's chipmaking startup is thriving despite broader industry turmoil.
Source: svbizjournal - 🏆 334. / 59 Read more »

Meta's massive layoffs spark concern over Bay Area economy - Silicon Valley Business JournalBusiness is already slowing at some financial institutions and loan performance is deteriorating.
Source: svbizjournal - 🏆 334. / 59 Read more »

SoftBank Vision Fund faces $100 million loss on FTX investment - Silicon Valley Business JournalOn the same day that FTX filed for bankruptcy, SoftBank revealed how much money it invested in the failing cryptocurrency exchange operator.
Source: svbizjournal - 🏆 334. / 59 Read more »