Nearly 9 in 10 of the Illinois job losses announced in November resulted from businesses closing. Chicago led the state for layoffs, followed by Rockford.
Chicago led the state in mass layoffs, accounting for more than one-third of job cuts in August. The statewide data shows 93% of job losses stemmed from companies closing up shop.
The Quad Cities will experience a combined 319 job cuts after John Deere announced layoffs at both its World Headquarters in Moline and Harvester Works factory in East Moline. Romeoville saw more than 1-in-4 of the mass layoffs statewide.
Illinoisans faced 1,026 mass layoffs in June 2024, with manufacturing and transportation sectors hit hardest. John Deere in East Moline accounted for about 1-in-4 of the layoffs announced statewide.
Declining demand has John Deere planning 600 layoffs, including 280 in Illinois, by the end of August. Illinois already had companies planning to cut 1,124 jobs in May, hitting janitorial services providers, collection agencies and packaging industries.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.