Hudson, Ohio-based JoAnn, a fabric and crafts retail company, has warned its corporate employees of an impending March 2025 mass layoff should it fail to find a buyer.
The warning impacts 166 corporate employees located in Hudson, Ohio.
JoAnn, which filed Chapter 11 bankruptcy, will continue operating the company as it follows the court-supervised sale process as it seeks buyers.
According to a company statement, “By way of background, JOANN has been working closely with its financial stakeholders to evaluate how to best position the Company for the future. This includes seeking buyers for sale of the Company. Should the Company fail to secure a buyer who intends to continue to actively operate JOANN’s business (including potentially offering employment to some or all current Company employees), it is possible that the Company may have no choice but to immediately close its Corporate Office and conduct employee separations. While we remain hopeful this closure event will not occur, we are providing notice that if this action does occur, employee separations at or otherwise aligned to the Corporate Office are expected to commence on the 14-day period beginning on March 15, 2025, with limited additional separations to occur within approximately 30 to 120 days thereafter as Corporate Office operations wind down.
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?