I was told that the ‘lay off’ process started over a month ago with soft, random firings and forced resignations and demotions and will continue until 60% of their workforce is eliminated by the end of the year.
I do NOT know who this employer is, but have my guesses. If my assumption is correct, this employer is in the top 30 employers in Sioux Falls and they run a multi-state multi-faceted business that also employs many private contractors (so employees of these companies will also be affected).
While I just received this information this morning, when you talk to people who may be affected by this, they confirmed that they have been suspect for months because the company hasn’t really started any NEW projects and the main reason for the layoffs is because projects they handle in Sioux Falls have dried up. There are also rumors of financial problems (which makes sense) and legal issues with several court cases moving thru the courts.
Eventually they will have to admit to the failure, but like most institutions like this in Sioux Falls you won’t hear a peep about it in the media until the ship sunk.
BTW, this business is NOT a food truck 🙁