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Latest
US Banks Are Now Under Investigation For Wrongfully Closing Accounts
Employees Stress Over More Amazon Layoffs in 2026
Regulators Are Now Avoiding Communication with Next Bridge on MMTLP
US Banks Now Receive Subpoenas Following a Massive Margin Call
Bank of America Branch Closures Now Surge Before Year Ends
JPMorgan Firm Now Barred by Regulator for Illegal Trading
Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Home/Banking News/A New Round of Unexpected Layoffs Now Hits Arizona
Market News Today - A New Round of Unexpected Layoffs Now Hits Arizona

A New Round of Unexpected Layoffs Now Hits Arizona

By Frank Nez
December 14, 2023
2

A new round of unexpected layoffs now hits Arizona as more businesses file WARN notices advising of upcoming job cuts.

The latest business to file a notice is logistics company SPS Ventures, which is laying off 93 employees in its Phoenix office.

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.

In December, a total of four businesses, including SPS Ventures, have advised of upcoming job cuts in Arizona.

The other three are:

  • Square, subsidiary of Block, Inc. 9 job cuts filed on 12/08.
  • TuSimple, Inc. 42 job cuts filed on 12/04.
  • FSC Edge Corporation. 1 job cut filed on 12/1.

Below is a list of businesses that have advised of upcoming layoffs in Arizona this fourth quarter of 2023:

  • Management & Training Corporation (MTC). 86 job cuts filed on 11/27.
  • HMSHost. 68 job cuts filed on 11/24.
  • Cognizant Technology Solutions U.S. Corporation. 88 job cuts filed on 11/9.
  • Erus Energy/Erus Holdings, LLC/Erus Builders, LLC/National Clean Energy, LLC. 58 job cuts filed on 11/7.
  • Bealls Inc. 14 job cuts filed on 11/6.
  • Cygnus Home Service, LLC. 68 job cuts filed on 10/25.
  • La Fonda Restaurant. 20 job cuts filed on 10/23.
  • Transdev Services. 829 job cuts filed on 10/21.
  • Mobile Health dba Alliance Ambulance of Arizona LLC. 156 job cuts filed on 10/05.
  • LECLERC FOODS NUTRITION ARIZONA, LLC. 93 job cuts filed on 10/4.
Layoffs in Arizona 2023.
Layoffs in Arizona 2023.

So far in 2023, there has been approximately 3,526 layoffs in Ohio across 73 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 - A New Round of Unexpected Layoffs Now Hits Arizona.
Market News Today – A New Round of Unexpected Layoffs Now Hits Arizona.

A massive US bank is now closing accounts without warning according to several customer reports.

A Chase customer is currently asking for help as the bank abruptly closed four accounts without notice.

The person described the situation on Reddit where several other customers said they had been through the same exact experience.

On the Chase Bank subreddit, the customer wrote that they had four accounts, all of which were closed “without any notice at all.”

“When I called they refused to give me any information at all. They locked all my accounts and I can’t even transfer my money or withdraw it from an ATM.

“I have no idea what to do. I have so many bills about to be due,” they said.

In the comments, they further explained that they hadn’t recently made any big purchases or tried to cash a check, and in the past, they had only overdrafted the account once.

Another user replied that the same thing had happened to them during the pandemic.

“Worst experience I’ve had with any banks. Ruined my credit, no money to buy food, and almost went homeless,” they wrote.

Two weeks later they were sent a check for the remaining balance.

A third person shared a similar experience and urged the original poster to “don’t bother fighting the customer service or staff” on the decision as they won’t give out extra information.

Two weeks later they were sent a check for the remaining balance.

A third person shared a similar experience and urged the original poster to “don’t bother fighting the customer service or staff” on the decision as they won’t give out extra information.

Someone else added: “They also closed my account and they told me they have the right to close my account, just like I have the right to close my own account.”

The original poster didn’t share an update regarding whether or not they were able to resolve the issue.

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

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Market News Today - A New Round of Unexpected Layoffs Now Hits Arizona.
Market News Today – A New Round of Unexpected Layoffs Now Hits Arizona.

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Frank Nez

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    December 14, 2023 at 12:02 am

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    December 14, 2023 at 12:01 am

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