A new wave of surprising layoffs now hits Nebraska as another business files a WARN notice advising of upcoming job cuts.
FSC Edge, based in Omaha, integrates AI technologies, business process automation, and case management tools, along with off-the-shelf and custom-built software.
However, due to a loss of a major contract, it has been forced to close.
FSC Edge has filed a WARN act with the Nebraska Department of Labor this week advising of upcoming layoffs and advising 206 people will lose their jobs.
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.
The company released the following statement:
“FSC Edge’s only customer is the US Patent and Trademark Office (the USPTO).
On November 29, 2023, the USPTO notified leadership at FSC Edge that it has elected not to renew its Patent Data and Management Contract with FSC Edge.
This decision was unexpected by FSC Edge and came as a shock.
Without a continuation of the USPTO contract, FSC Edge is unable to continue operations.
FSC Edge must now close its business and terminate its employees.
This is to advise you that on December 1, 2023, FSC Edge will cease normal operations and close its Nebraska facility.”
So far in 2023, there has been approximately 607 layoffs in Nebraska across 13 businesses according to the latest WARN data.
California remains the #1 state with the most layoffs in the country.
Other Economy News Today
In Campbell, California, a Bay Area city on the south side of San Jose, resident Amanda Moon said she couldn’t believe it when $46,000 had been drained from her account with JPMorgan Chase.
She says both Chase and Wells Fargo refused to refund her for the stolen funds after the scammers made the transfer from her Chase account to a Wells Fargo account held by the thieves.
The financial hit was so devastating for the mother that she said it prevented her from taking care of her children and caused her to stop working, per Los Angeles ABC affiliate KABC-TV.
“I had to stop working. I wasn’t able to take care of my kids,” Moon told the outlet.
“It was like, it was kind of like I was mentally like, just… It was very distressing.”
Moon explained that she was a victim of a scam called SIM swapping.
A SIM swap occurs when fraudsters call a victim’s phone carrier after obtaining their number and trick the provider into activating a SIM card for a different device, per Norton.
The criminals got ahold of the new SIM card and proceeded to access Moon’s email and eventually, bank account information.
“So I was a victim of SIM swapping and somebody had hacked my bank accounts and stole money and the banks were refusing to return the funds to me,” Moon said.
The mom also called Comcast Xfinity, her phone provider, along with the Better Business Bureau (BBB) and Consumer Financial Protection Bureau (CFPB), and supposedly had no luck.
“I also contacted like the BBB, the CFPB. And so the companies were reaching out to me,” Moon told KABC-TV.
“So I was speaking with them. They denied all my requests,” she claimed.
Moon explained that she ultimately got a recommendation from a co-worker about an attorney, who wrote a letter on her behalf to Chase.
The financial services company later sent her a full refund of the $46,000 lost in the SIM swap scheme.
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!
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 ✨
- Florida Now Has Massive Departures As Hundreds of Thousands Leave
- A Massive US Bank is Now Closing Credit Cards
- Wells Fargo is Now Freezing Bank Accounts in New Scandal
- A US Company Now Declares An Unexpected Bankruptcy
- Chase Customers Now Unable to Access Money Through ATMs
- SNAP Benefits Will Now Increase For The Year 2024