Massive layoffs in Texas are now underway according to fresh WARN data of businesses advising of upcoming job cuts.
One of the most recent businesses to file a WARN act is VMware, which has advised 577 staff will lose their jobs in Texas.
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.
A total of 2,837 VMware workers have been laid off across Texas, California, Colorado, New York, Colorado and Virginia, so far.
But VMware isn’t the only company in Texas laying off.
Last week, 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.
Other Economy News Today
Scrutiny grows as a massive bank now holds a customer’s money hostage without warning.
A Bank of America customer has urged people to take safety measures because his branch unexpectedly closed his account.
The person has had to wait weeks for the bank to return his money, but his own advice has saved him, reports The-Sun.
“Most Americans don’t know that banks can close your account without reason, and often, you’ll find out about it once it’s too late.”
A Reddit user says Bank of America failed to warn him that he was no longer a customer, even after the bank kept his money, which he had no access to.
“We looked through my transaction history and didn’t find anything suspicious. The poor lady was as clueless as me,” explained the Reddit user when referring to confronting his local branch.
“I have a pretty stable job with a reputable company that consistently direct deposits my paychecks, my checking account is only used to pay rent, credit card statements, my FICO score is 780+, Chex score 680, I have not bought any crypto recently,” he stated.
“I was lucky I had another checking account,” he said.
“I’d highly recommend people keep multiple accounts because your bank can just kick you out even if you’ve been with them for a decade.”
Although he eventually received access to his money, it took weeks.
Banks protect themselves when an account is flagged for suspicious activity, but as corporate America watches its own interest, customers are left vulnerable without access to their money or an immediate explanation, reports The-Sun.
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