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7 companies have laid off 500+ workers so far this year in WNY

At least seven companies cut more than 500 jobs across the region in the first quarter of 2024.
Credit: Buffalo Business First

BUFFALO, N.Y. — At least seven companies cut more than 500 jobs across the region in the first quarter of 2024.

The layoffs were due to a number of reasons, from company-involved lawsuits to contracts falling through, bankruptcy or other economic reasons.

Still, the national unemployment rate has remained low at 3.8%, and in New York it sits at 4.4%. The layoff rate has also remained at a low 1%, according to the U.S. Bureau of Labor Statistics.

Read more from our partners at Buffalo Business First.

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