Business

Charlotte region experiences major job shifts with 9 stories of hiring and layoffs

Stories by Charlotte Observer journalists, with AI summarization

Charlotte’s job market has shifted dramatically with major moves this spring. Amazon announced a $10 billion investment for a massive data center east of Charlotte, bringing at least 500 tech-focused roles. Upscale manufacturing jobs are on the way as German-owned HSP US plans to hire over 70 people and AVL USA adds 325 jobs with a new Steele Creek facility.

Financial companies also impacted the landscape, with Daimler Truck Financial Services relocating its HQ to Ballantyne for 276 jobs, while Retirement Clearinghouse failed to meet incentive targets and withdrew from a plan that promised 300 new jobs. Yet, losses struck as Patrick Yarn Mill closed after 62 years, eliminating 170 positions, and Carowinds faced corporate layoffs as Six Flags restructured.

UPS is laying off 99 workers at its west Charlotte facility, effective May 2.

NO. 1: UPS LAYING OFF MORE WORKERS AT WEST CHARLOTTE SITE. NOW, NEARLY 100 WILL LOSE JOBS

Just a year ago, dozens of jobs were cut as night sort operations closed at the site. | Published March 5, 2025 | Read Full Story by Catherine Muccigrosso

A view of uptown in Charlotte captured in Nov. 18, 2024 By JEFF SINER

NO. 2: NC TAX REIMBURSEMENTS PULLED FROM CHARLOTTE FINANCIAL FIRM THAT PROMISED 300 JOBS

The firm failed to meet the requirements to receive state Job Development Investment Grant payments. | Published March 12, 2025 | Read Full Story by Catherine Muccigrosso Brian Gordon

Bank of America is increasing hourly pay for employees in October. By Chris Keane

NO. 3: BANK OF AMERICA CUTS 150 INVESTMENT BANKER JOBS. IT’S THE MOST RECENT ROUND OF LAYOFFS

The reduction comes weeks after Bank of America let go of staff in its investment banking and global markets divisions globally, Reuters reported. | Published March 13, 2025 | Read Full Story by Catherine Muccigrosso

Patrick Yarn Mill Inc. at 501 York Road in Kings Mountain is closing.

NO. 4: LATEST CHARLOTTE REGION TEXTILE MILL CLOSURE WILL RESULT IN 170 JOBS LOST

The 62-year-old mill specializes in cut-resistant and flame retardant yarns. | Published April 15, 2025 | Read Full Story by Catherine Muccigrosso

Charlotte is expected to reach 74 degrees under sunny skies on Tuesday, then see a much colder day, a National Weather Service forecaster said. By Sean McInnis

NO. 5: GERMAN COMPANY BRINGING OVER 70 JOBS TO CHARLOTTE WITH NEW $50M FACTORY

The facility in southwest Charlotte will produce parts for high-voltage power transformers | Published May 9, 2025 | Read Full Story by Chase Jordan

A view of uptown in Charlotte captured in Nov. 18, 2024. By JEFF SINER

NO. 6: CHARLOTTE LANDS 325 JOBS IN FIRST US EXPANSION BY CANADIAN MANUFACTURER

The company had considered several markets for its U.S. expansion, then chose Charlotte because it’s a ”vibrant, tech-forward city.” | Published May 22, 2025 | Read Full Story by Catherine Muccigrosso

The financial lending company for Daimler Truck North American is investing $7.8 million to move its headquarters to Ballantyne, which will create 276 jobs.

NO. 7: CHARLOTTE GAINING OVER 275 JOBS AS FINANCIAL SERVICES COMPANY MOVES HQ HERE

The company coming to Ballantyne will spend nearly $8 million on the headquarters consolidation move. | Published May 27, 2025 | Read Full Story by Chase Jordan

Six Flags announced a new pass Thursday with access and parking to all parks in 2025. By Jordan Sternberg

NO. 8: CAROWINDS HIT WITH NEW LAYOFFS. PARENT COMPANY CUTS 10% OF JOBS AT AMUSEMENT PARKS

Full-time jobs at Carowinds were impacted by latest round of layoffs. | Published May 27, 2025 | Read Full Story by Desiree Mathurin

Each associate at Amazon’s fulfillment center has their own workstation where they scan and pack items ordered off Amazon’s website. The packing system used in the facility makes it easy for each worker to get orders, like books, household items and electronics, packed quickly to be shipped out?. From showing which boxes to place items in to transporting each package to the next stop in the process?, every order gets packed and shipped within minutes. By Melissa Melvin-Rodriguez

NO. 9: AMAZON INVESTS $10B, ADDS 500 JOBS FOR DATA CENTER BETWEEN CHARLOTTE AND RALEIGH

The internet retail giant’s 800-acre campus will be part of one of the biggest investments ever for the state. | Published June 4, 2025 | Read Full Story by Desiree Mathurin

The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.