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News Flash
Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses
Gen Z And Millennials Are Now Choosing Stocks Over Houses
Major US Bank Is Now Closing 18 Branches This Summer
Major US Bank Is Now Closing 18 Branches This Summer
Stop & Shop Store Closures
A Massive Grocery Chain Is Now Closing Stores
52-year-old restaurant Beefeater will close all locations
International Restaurant Beefeater Will Now Close All Locations
Home Depot Rival closes store after 87 years in business
A Home Depot Rival Closes After 87 Years in Business
JCPenney Ridgmar Mall Closure
Massive Mall Retailer Confirms Closure of Another Location
Magellan Aerospace files chapter 11 bankruptcy
An Aerospace Manufacturer Now Files Unexpected Chapter 11 Bankruptcy
Former Employees of Massive Bank Now Sentenced to Prison
Former Employees of a Massive Bank Now Sentenced to Prison
Home/Banking News/Layoffs in Arizona Surge According to New WARN Data
Market News Today - Layoffs in Arizona Surge According to New WARN Data

Layoffs in Arizona Surge According to New WARN Data

By Frank Nez
November 29, 2023
2

Layoffs in Arizona surge according to new WARN data as more businesses advise of upcoming job cuts this year.

A total of 10 businesses have now filed WARN notices advising of layoffs in Arizona during this fourth quarter.

While these businesses have not yet announced a starting date, the notice dates are currently available.

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.

Below is a list of companies who have advised of upcoming layoffs in Arizona so far during the fourth quarter of 2023:

  • Management & Training Corporation (MTC). 86 job cuts, filed 11/27.
  • HMSHost. 68 job cuts, filed 11/24.
  • Cognizant Technology Solutions U.S. Corporation. 88 job cuts, filed 11/09.
  • Erus Energy/Erus Holdings, LLC/Erus Builders, LLC/National Clean Energy, LLC. 58 job cuts, filed 11/07.
  • Bealls Inc. 14 job cuts, filed 11/06.
  • Cygnus Home Service, LLC. 68 job cuts, filed 10/25.
  • La Fonda Restaurant. 20 job cuts, filed 10/23.
  • Transdev Services. 829 job cuts, filed 10/20.
  • Mobile Health dba Alliance Ambulance of Arizona LLC. 156 job cuts, filed 10/05.
  • LECLERC FOODS NUTRITION ARIZONA, LLC. 93 job cuts, filed 10/4.
Layoffs in Arizona 2023.
Layoffs in Arizona 2023.

So far in 2023, there has been approximately 2,254 layoffs in Arizona 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 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

Market News Today - Layoffs in Arizona Surge According to New WARN Data.
Market News Today – Layoffs in Arizona Surge According to New WARN Data.

A bank customer now faces a painful eviction after their account was closed ‘without explanation’, according to new reports.

The Bank of America customer has shared how they were left with no money after Bank of America abruptly closed their account.

A Reddit user who goes by Jorose explained the hardships they went through after their bank account was suddenly closed.

On the r/banking subreddit, they explained that they had a direct deposit pending and all of their bills were due the week the account was shut down.

They wrote that they were left with no money for gas or rent and were faced with an eviction notice due to it.

Their car insurance went unpaid and their entire family’s phones were disconnected as the phone bill went unpaid as well.

Furthermore, the family was forced to go to a shelter for their meals.

“We feel insulted to be labeled as criminals, to be treated as such, and be put in such a position that has caused harm to my family for believing in this bank,” they wrote.

“I have never known what it’s like to be without money, especially all of a sudden, we are down on our luck after doing everything right.

The only thing wrong we did was trusting Bank of America with our money, harming our well-being and mental health, [and] forcing me to lose the ability to provide for my family as well.”

Bank of America told the customer that they had sent a letter notifying them of the closure, but the Redditor said it was stolen so they never got it.

Ultimately, the bank never disclosed the reason behind why it closed the customer’s account.

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

Market News Published Daily 📰

Market News Today - Layoffs in Arizona Surge According to New WARN Data.
Market News Today – Layoffs in Arizona Surge According to New WARN Data.

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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 publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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    November 29, 2023 at 8:59 pm

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  2. Frank Nez says:
    November 29, 2023 at 8:58 pm

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