Business & Tech
Stamford-Based Pitney Bowes To Lay Off Nearly 1,000 Workers Across US
Pitney Bowes is planning layoffs across the country, according to Worker Adjustment and Retraining Notification (WARN) Act notices.
STAMFORD, CT — Pitney Bowes, the global shipping and mailing company based in Stamford, will lay off nearly 1,000 employees across the United States, according to Worker Adjustment and Retraining Notification (WARN) Act notices.
The company on Aug. 8 announced it sold its Global Ecommerce (GEC) segment to Hilco Commercial Industrial, which will lead a wind-down of that segment’s operations.
In a news release from earlier this month, Pitney Bowes said GEC "had been struggling to achieve profitability over the past several years in the face of macroeconomic and industry headwinds."
Find out what's happening in Stamfordfor free with the latest updates from Patch.
WARN Act notices sent from Pitney Bowes show the company is planning to:
- Lay off 413 employees at its Monroe, N.J. facility, effective Nov. 7
- Close the facility in Bloomington, Calif., and lay off 236 employees, effective Oct. 8
- Close GEC facility in Canal Winchester, Ohio, and lay off 165 employees, effective Oct. 8 and Oct. 12
- Close the facility in Stockton, Calif., and lay off 112 employees, effective Oct. 8
- Close a plant in Odenton, Md., and lay off 50 employees, effective Oct. 8
- Lay off 12 employees in Austin, Texas, and two in Irving, Texas, effective Sept. 17.
So far, there have not been any WARN notices sent in Connecticut.
Find out what's happening in Stamfordfor free with the latest updates from Patch.
In a Q2 earnings call on Aug. 8, the day the GEC sale was announced, Pitney Bowes Interim CEO Lance Rosenzweig expressed gratitude toward GEC employees.
"Their hard work is deeply appreciated and this decision to wind down the business is in no way reflective of their performance," Rozenzweig said, according to a transcript of the call. "We understand the impact of this decision on all involved. But after years of unsustainable losses, these changes are essential to preserving the company as a whole and positioning the remaining business segments for future growth. We are providing severance payments and outplacement services to the GEC team to ease their transition."
Pitney Bowes is headquartered at 3001 Summer St. in Stamford.
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