Skip to content
-
Subscribe to our newsletter & never miss our best posts. Subscribe Now!
FrankNez About FrankNez FrankNez

Journalism & News

FrankNez About FrankNez FrankNez

Journalism & News

  • News
  • U.S. Banking
  • Crypto
  • Stock Market
    • Retail Investors
    • Hedge Funds
    • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • U.S. Banking
  • Crypto
  • Stock Market
    • Retail Investors
    • Hedge Funds
    • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
Will AMC Shareholders Ever Make Their Money Back
May 31, 2026
Will AMC Shareholders Ever Make Their Money Back?
AMC Stock News - CEO Adam Aron Buys Shares - FrankNez AMC News
May 19, 2026
AMC’s CEO Just Bought More Stock, Is Now Time To Buy?
Goldman Sachs Lawyer Kathy Ruemmler Resigns amid Epstein files
February 14, 2026
A Former FINRA Board Member Now Resigns from Goldman After Epstein Email Embarrassment
House Financial Services Committee SEC Chair Paul Atkins Hearing
February 11, 2026
House Financial Services Committee Says SEC Politicized Rulemaking During Gensler’s Tenure
Short Sellers Have Now Lost a Whopping $355bn
July 24, 2025
Short Sellers Have Now Lost a Whopping $355bn
Cramer Now Speaks on AMC Amid Bullish Bet on IMAX
July 21, 2025
Cramer Now Speaks on AMC Amid Bullish IMAX Bet
AMC Now Soars 11%, Is A Short Squeeze Imminent?
July 11, 2025
AMC Now Soars 11%, Is A Short Squeeze Imminent?
News - AI Is Now Slashing More Jobs At Hiring Companies
July 10, 2025
AI Is Now Slashing More Jobs At Hiring Companies
Home/Banking News/Unexpected Layoffs in Michigan Will Now Affect Thousands
Market News Today - Unexpected Layoffs in Michigan Will Now Affect Thousands

Unexpected Layoffs in Michigan Will Now Affect Thousands

By Frank Nez
December 18, 2023
2

Unexpected layoffs in Michigan will now affect thousands after two massive automakers file WARN notices advising of upcoming job cuts.

General Motors just announced that a whopping 1,314 employees across two factories in Michigan will be laid off in the New Year.

GM filed a WARN notice posted on Thursday that said the Orion Assembly plant’s expected layoff date will take place on January 1, cutting 945 jobs. 

In a second WARN notice, the automaker said it will cut 369 jobs at Lansing Grand River Assembly/Stamping as GM ends production of the Camaro muscle car built there.

The cuts will happen in phases that begin January 1 and end in March, according to the notice.

Those cuts are related to GM’s October announcement that it was delaying production of two all-electric pickups at the plant by a full year and transferring nearly 1,000 workers to other GM facilities in Michigan, reports Fox Business.

“We are committed to full transparency and are focused on rebuilding trust and operating with the highest standards when it comes to safety, integrity, and accountability,” the company said.

“As a result, we believe that new leadership is necessary to achieve these goals.”

The automaker stated that it would offer employees affected by the cuts jobs elsewhere in the company.

Last week, European automaker Stellantis notified the Michigan Department of Technology, Management, and Budget that 2,455 workers in Detroit would be laid off for a minimum of six months.

In addition to laying off 2,455 staff in Detroit, Stellantis also advised of 1,225 layoffs in Ohio.

new layoffs in Michigan 2023.
New layoffs in Michigan 2023.

So far in 2023, there has been approximately 9,390 layoffs in Michigan across 62 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 Texas, Washington, New Jersey, Florida, Michigan, and Georgia.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

Other Economy News Today

Market News Today - Unexpected Layoffs in Michigan Will Now Affect Thousands.
Market News Today – Unexpected Layoffs in Michigan Will Now Affect Thousands.

A massive bank now charges a customer $25K twenty years later after closing their account, according to a Reddit user report.

Chase bank withdrew $25,000 from a customer’s credit union account and claimed it was to pay off a balance from 20 years prior.

The customer’s daughter took to Reddit for advice on the situation.

The user explained that her dad had a Chase credit card in the early 2000s but closed it in 2004.

As far as the father knew, he had paid it off in full before closing the card.

Then one day as he was going through his bank statements from his credit union, he saw that Chase had withdrawn $25,000.

“He called Chase because he thought it was a mistake and they told him it was to pay for the credit card that was closed in 2004,” the daughter wrote.

“They said that the $25k included an unpaid balance, fees, and interest.

My dad found out that they had sent notices but to the wrong address. He has lived at the same address since 1997.”

She explained that her dad checked his credit report and there was no sign of any type of judgment or derogatory marks that would usually be there for someone with a large, unpaid debt.

He had also applied for and been approved for car loans and refinanced his house a few years prior.

In the replies, he was heavily encouraged to file a complaint with the Consumer Finance Protection Bureau (CFPB) and hire a lawyer.

People also pondered the possible reason behind the withdrawal.

“There was no way this was allowed through normal means if an account was closed they should have no access to your dad’s finances at all,” wrote one person.

Another added: “If this was a garnishment, there should have been paperwork submitted to the credit union that it should be able to produce pretty quickly.”

There has been no update from the original poster regarding the turnout of the situation.

Also Read: A US Bank is Now Denying Customers Access to Money

Market News Published Daily 📰

Market News Today - Unexpected Layoffs in Michigan Will Now Affect Thousands.
Market News Today – Unexpected Layoffs in Michigan Will Now Affect Thousands.

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.

More Market News 📰

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.

View Stock Portfolio

Recommended For You ✨

  • Wells Fargo is Now Freezing Bank Accounts in New Scandal
  • A Giant Company Now Announces Unexpected Layoffs in Virginia
  • California Now Has Massive Departures As Hundreds of Thousands Leave
  • SNAP Benefits Will Now Increase For The Year 2024
  • The US Treasury Direct is Now Freezing Customer Accounts
  • A Massive US Bank is Now Closing Credit Cards


Tags:

Business NewsFinance NewsInvesting NewsJPMorganMarket NewsStock Market News
Author

Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

Follow Me
Other Articles
Market News Today - This Company Now Seems To Be Targeted By Naked Shorts
Previous

This Company Now Seems To Be Targeted By Naked Shorts

Market News Today - Unexpected Layoffs in North Carolina Now Grow
Next

Unexpected Layoffs in North Carolina Now Grow

2 Comments
  1. Frank Nez says:
    December 18, 2023 at 5:42 pm

    Leave your thoughts below.

  2. Frank Nez says:
    December 18, 2023 at 5:42 pm

    For more news and updates like this, opt-in for push notifications.

Comments are closed.

NEW POSTS

  • Will AMC Shareholders Ever Make Their Money Back
    Will AMC Shareholders Ever Make Their Money Back?
  • What it's like to drive a BMW X3
    What It’s Like to Drive and Live With a G01 BMW X3
  • UFO Files Now Spark End of Times Biblical Speculations
    UFO Files Now Spark “End of Times” Biblical Speculations
  • AMC Stock News - CEO Adam Aron Buys Shares - FrankNez AMC News
    AMC’s CEO Just Bought More Stock, Is Now Time To Buy?
  • Red Ferrari by other luxury supercars.
    Defeat and Failure Are Not The Same Thing
Unlock your personal brand ebook

Trending Market News 📈

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Frank Nez
By Frank Nez
August 5, 2025
Citadel Securities Is Now Warning The SEC About Using Blockchain

Citadel Securities Is Now Warning The SEC About Using Blockchain

Frank Nez
By Frank Nez
July 22, 2025
Cramer Now Speaks on AMC Amid Bullish Bet on IMAX

Cramer Now Speaks on AMC Amid Bullish IMAX Bet

Frank Nez
By Frank Nez
July 21, 2025
AMC Now Soars 11%, Is A Short Squeeze Imminent?

AMC Now Soars 11%, Is A Short Squeeze Imminent?

Frank Nez
By Frank Nez
July 11, 2025
Economists Now Say Prices Will Continue To Rise, "This Is Just The Beginning"

Economists Now Say Prices Will Continue To Rise, “This Is Just The Beginning”

Frank Nez
By Frank Nez
July 11, 2025
Hedge Funds Are Now Throwing Each Other Under The Bus

Hedge Funds Are Now Throwing Each Other Under The Bus

Frank Nez
By Frank Nez
July 8, 2025
News - GameStop Short Seller Now Looks To Sway Criminal Charges

GameStop Short Seller Now Looks To Sway Criminal Charges

Frank Nez
By Frank Nez
July 8, 2025
World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

Financial Desk Team
By Financial Desk Team
July 6, 2025
News - S&P Report: The US Dollar Is Primed To Weaken Further

S&P Report: The US Dollar Is Primed To Weaken Further

Frank Nez
By Frank Nez
July 4, 2025
News - Jim Cramer Now Says Palantir Will Hit $200 Despite Public Outrage

Jim Cramer Now Says Palantir Will Hit $200 Despite Public Outrage

Frank Nez
By Frank Nez
July 4, 2025

About

FrankNez is a financial news blog founded by American Journalist Frank Nez.

Email: contact@franknezmedia.com

Contact: media@franknez.com

Recent Posts

  • Will AMC Shareholders Ever Make Their Money Back?
  • What It’s Like to Drive and Live With a G01 BMW X3
  • AMC’s CEO Just Bought More Stock, Is Now Time To Buy?
  • Defeat and Failure Are Not The Same Thing
  • Here’s How Our Small Business Made 5-Figures in 90 Days

Mentioned By

Yahoo Finance - FrankNez

Company

Privacy Policy

Editorial Policy

About FrankNez

Copyright 2026 — FrankNez. All rights reserved. Blogsy WordPress Theme