Massive Layoffs in Texas Now Surge According To New Data

Massive layoffs in Texas now surge according to new data as more businesses advise of upcoming job cuts.

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.

One of the most recent companies to file a WARN notice with the Texas Workforce Commission advising of 92 employee layoffs is Matheson Flight Extenders (MFE).

The company is a mail processing, transportation, and logistics contractor.

MFE advised that 92 of its staff in Grapevine will be laid off by January 31 of next year.

The company has been providing services to the Postal Service since December 1998 but has recently cut jobs in several states following a dispute with the US Postal Service.

However, MFE isn’t the only company advising of upcoming job cuts in Texas.

Below is a list of more businesses advising of upcoming layoffs in Texas soon:

  • MV- Transportation Austin (South Yard). 778 job cuts by 12/31.
  • Stitch Fix. 558 job cuts on 12/01.
  • MV-Transportation Austin (North Yard). 400 job cuts by 12/31.
  • Accenture. 351 job cuts by 12/08.
  • Southwestern Health Resources. 288 job cuts by 12/31.
  • Mittera Group, Inc. 136 job cuts by 12/09.
  • 122 job cuts by 12/15.
Layoffs in Texas 2023.
Layoffs in Texas 2023.

So far in 2023, 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.

In second place is New York followed by Colorado, IllinoisTexasWashington, New Jersey, FloridaMichigan, and Georgia.

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

Other Economy News Today

Market News Today - Massive Layoffs in Texas Now Surge According To New Data.
Market News Today – Massive Layoffs in Texas Now Surge According To New Data.

A Bank of America customer now reports stolen money from a scam where the fraudsters used pressure tactics to trick her.

Barbara, a senior citizen from Orange County, Florida, revealed how she lost her savings in a Bank of America bitcoin scam.

Fraudsters claiming to be Bank of America contacted Barbara with the first call going to her home phone, reports The-Sun.

The call came up as Bank of America (407)-857-7035, which is the number for her local Bank of America finance center, according to the bank’s website.

“She’s telling me how much money they’re trying to get out of the account to the penny,” Barbara explained to news outlet WKMG6.

Following this call, another scammer told her to withdraw cash from her bank account and move it to various Bitcoin accounts.

He emailed her QR codes with the Bank of America logo so she could transfer the money through two cryptocurrency ATMs.

She had no experience in it but was directed to the nearby ATMs.

“‘There’s a place on Colonial Drive,’ he’s directing me now (Colonial Liquor),” she recollected.

Barbara lost $21,000 as a result of the transactions but told the news outlet that despite her lack of experience with bitcoin she was convinced it was the only way to save her money.

The scammers even claimed that the people trying to hack into her account worked at the bank.

“It’s embarrassing and it’s hurtful that it happened but I know other people want to hear my story. It will help someone else,” Barbara tearfully told the interviewer.

Special agent Caroline O’Brien-Buster in charge of investigating such scams told the news outlet: “We just want to bring awareness out to the community.”

“There’s just so many people being victimized by fraudsters and being told to use Bitcoin ATMs.”

O’Brien-Buster noted that these scams can instill a sense of urgency in the victim, pressurizing them to take action.

“They scare you and they say ‘hey, this is the only way that your money is going to be safe,'” she explained.

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

Market News Published Daily 📰

Market News Today - Massive Layoffs in Texas Now Surge According To New Data.
Market News Today – Massive Layoffs in Texas Now Surge According To New Data.

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)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.

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.


  1. Frank Nez

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

  2. Frank Nez

    Leave your thoughts below.

© 2024

Theme by Anders NorenUp ↑