1. Business

Jabil Circuit laying off 400 workers, including nearly 100 in St. Petersburg

Published Sep. 20, 2016

Jabil last week began laying off about 400 workers worldwide, including nearly 100 at its St. Petersburg headquarters.

Corporate spokeswoman Beth Walters confirmed the job cuts Tuesday, saying the contract electronics manufacturer is realigning some areas of business to be better positioned "for continued success into the future."

"Even though this represents a very small percentage of Jabil's 180,000 global workforce, we do not take this decision lightly or underestimate the impact to these individuals," she said in a statement. "Jabil is providing outplacement and counseling services to our exiting workforce as to assist them in transitioning as quickly and successfully as possible."

The company has about 3,000 employees in St. Petersburg.

Jabil, which has grown into a global powerhouse with $20 billion in annual revenues and more than 100 manufacturing facilities in more than two dozen countries, is scheduled to report its fiscal fourth-quarter year-end earnings today.