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Corporate Relocation

Business
Closure By Company In Hudson Valley To Result In 72 Layoffs Closure By Company In Hudson Valley To Result In 72 Layoffs
Closure By Company In Hudson Valley To Result In 72 Layoffs Dozens of employees at a Hudson Valley company will be out of a job as the plant plans to move its operations out of state within the next two years. In Putnam County, Carmel-based Silarx Pharmaceuticals, which has been a fixture in the region for more than six years, filed papers with the state with the intention to transfer production to a facility in Indiana. The move will result in layoffs for all 72 of the pharmaceutical company’s employees, who are expected to be let go between March 2022 and June 2023, when it plans to move out of the Hudson Valley. Silarx Pharmaceuticals was founde…

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by Zak Failla
Business
Avon Laying Off 100 Workers, Closing Operations In Rye Avon Laying Off 100 Workers, Closing Operations In Rye
Avon Laying Off 100 Workers, Closing Operations In Rye Avon Products Inc. announced it is laying off about 100 employees in its Rye data center, closing the rest of the Rye operations over the next year and consolidating U.S. operations in Suffern. Avon CEO Jan Zijderveld cited the company’s international focus in a press release, attributing the actions to a strategy of “simplifying our U.S. operations,” “providing fuel for growth” and becoming “more fit for purpose.” A state Department of Labor notice put the number of data center employees being affected at 105. Their work in Rye will cease by the end of this month, and their jobs will be ph…

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by Daily Voice
Business
Wall Street Asset Manager Leaving NYC, Moving Over 1K Jobs Out Of State Wall Street Asset Manager Leaving NYC, Moving Over 1K Jobs Out Of State
Wall Street Asset Manager Leaving NYC, Moving Over 1K Jobs Out Of State A prominent Wall Street money manager is trading Broadway shows for country music. Asset manager AllianceBernstein is leaving to New York and heading to Nashville, according to multiple reports, taking its corporate headquarters, and an estimated 1,050 jobs, starting later this year. In a filing on Wednesday, AllianceBernstein said that it chose Music City following “a months-long search that evaluated cities on attributes including housing, cost of living, education and weather.” Some of the company’s divisions will stay in New York, such as portfolio managers and private wealth managers.…

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by Zak Failla