New massive layoffs in Texas now interrupt the holidays as more businesses continue to file WARN acts, advising of upcoming job cuts.
The Texas Workforce Commission has advised of several company layoffs ahead of the holidays.
It’s important to note that under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.
This week alone, the following three businesses filed a WARN notice:
- Bandler Texas has laid off 9 staff in Dallas.
- Cognizant Technology Solutions is laying off 65 staff in Austin on December 8.
- And Covenant Aviation Security is laying off 103 staff at George Bush Airport in Houston on December 6.
The businesses listed below are also scheduled to cut jobs in Texas prior to the holidays:
- MV- Transportation Austin (South Yard). 778 job cuts by 12/31.
- Stitch Fix. 558 job cuts by 12/01.
- MV-Transportation Austin (North Yard). 400 job cuts by 12/31.
- Accenture. 351 job cuts by 12/08.
- Southwestern Health Resources. 228 job cuts by 12/31.
- L3Harris. 268 job cuts by 11/30.
- Mittera Group, Inc. 136 job cuts by 12/09.
- Harland Clarke Corp. 130 job cuts by 12/01.
- LegalZoom.com. 122 job cuts by 12/15.
In 2023 so far, there has been approximately 22,355 layoffs in Texas across 213 businesses, according to the latest WARN data.
California remains the #1 state with the most layoffs in the country.
In second place is New York followed by Colorado, Illinois, Texas, Washington, New Jersey, Florida, Michigan, and Georgia.
Also Read: Massive Layoffs in California Now Underway Prior to Holidays
Other Economy News Today
Chase bank now announces new unexpected branch closures which have been confirmed to shutter within the next three months.
The upcoming shutdowns are set to impact customers across the country, from California to New York.
But, it’s not all bad news for Chase bank users, reports The-Sun.
185 new branch locations are still set to open across the US this year.
The closures were announced in the weekly bulletins produced by the Office of the Comptroller of the Currency.
By law, banks must notify the OCC at least 90 days before closing down a branch.
According to the OCC, at least 24 Chase branches are due to close over the next three months with closures likely to come into force by February at the latest.
Branches in the states of California, Colorado, Michigan, Illinois, Indiana, and New York will shutter.
There will be bank closures in major cities like Chicago, San Diego, San Francisco, and Seattle over the coming months.
Branches across Ohio and Connecticut will also close.
“Chase has seen a raft of branch shutdowns over the year after bosses warned it would close more than 140 premises across the US.
The closures come in line with a shift toward online banking,” says The-Sun.
A spokesperson for the banking giant said the company has made significant investments in new branches.
At least 15 new branches have been scheduled to open over the coming months, according to the OCC’s bulletin published for the period November 11-18.
They stated that the company is on track to open a new branch every day in November and December.
“Our goal is not to have the most branches – but to have the right branches, in more communities, serving the financial needs of our customers,” said Chase in a statement.
Also Read: A US Bank is Now Denying Customers Access to Money
Market News Published Daily 📰
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors.
This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
Scroll below to view my stock purchases this month!
You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Frank Nez’s Stock Portfolio
Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?
Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.
11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.
Recommended For You ✨
About The Author
For more news and updates like this, opt-in for push notifications.
Leave your thoughts below.