Delaware, Ohio-based American Freight, a discount retailer selling furniture, mattresses, and home appliances, has announced its plans to permanently close its headquarters and lay off additional headquarters employees.
In this second round of layoffs, 62 HQ employees are targeted and will be laid off no later than February 3, 2025. The total number of impacted HQ employees now stands at 112 employees.
According to the company, the decision was driven by “sustained inflation and macroeconomic challenges.” The parent company, Franchise Group, filed for Chapter 11 bankruptcy on November 3, 2024. The company's 328 locations across 41 states will permanently close.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?