Skip to content
Join our newsletter for news & blogs on-the-go. Subscribe Here!
FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
Latest
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
Margin Call Forces Citadel Rival Into $15 Billion Loss
Home Sales Fall To A New Record Low
More US Consumers Are Beginning to Cut Retail Spending
Home/Banking News/Massive Layoffs in Texas Now Surge Prior To The Holidays
Market News Today - Massive Layoffs in Texas Now Surge Prior To The Holidays

Massive Layoffs in Texas Now Surge Prior To The Holidays

By Frank Nez
November 16, 2023
2

Massive layoffs in Texas now surge prior to the holidays as new businesses warn of upcoming job cuts.

The latest business to announce layoffs in Texas this year is solar company ADT Solar.

The company has announced it will close 22 of its 38 locations across the United States as it is “focusing on the top performing markets and rationalizing the overhead and infrastructure of the business accordingly.”

Included in the locations to be closed are Dallas, El Paso, and San Antonio.

So far, only the Dallas location has filed a WARN act with the Texas Workforce Commission advising of layoffs.

They filed a notice advising that 53 employees in Dallas have lost their positions.

However, several businesses in Texas have advised of massive job cuts prior to the holidays.

Below is a list of businesses laying off in Texas this year:

  • 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.

Walmart is also closing its fulfillment center in Fort Worth, resulting in 363 staff being terminated.

CVS Health will also be laying off employees in Irving and Richardson.

Layoffs in Texas 2023.
Layoffs in Texas 2023.

So far in 2023, there has been approximately 21,843 layoffs in Texas across 204 businesses.

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: A New Wave of Massive Layoffs Now Hit Florida

Other Economy News Today

Market News Today - Massive Layoffs in Texas Now Surge Prior To The Holidays.
Market News Today – Massive Layoffs in Texas Now Surge Prior To The Holidays.

A massive retailer now permanently closes its biggest store in California in an unexpected turn of events.

Big Lots! has announced the closure of its biggest store in California this week.

According to a November 14th report from The-Sun, the 33,000-square-foot Big Lots! store in Carmichael, California will shutter in January of 2024.

Josh Chaney, a spokesperson for Big Lots, said “Consistent with standard retail practices, we review our store footprint on an ongoing basis to make sure we’re best positioned to successfully serve our customers and our business.” 

“Sometimes this process results in store closings or relocations.”

It is an anchor store within the Carmichael Center, and the second location to close in the area within 12 months, reports The-Sun.

In January of this year, Big Lots announced three stores would close in California, including the Carmichael location, and four other would shutter in Colorado.

In 2022, the company opened nearly 50 stores, but chief financial officer Jonathan Ramsden said that the number of closings will be similar to or slightly above 50 stores.

Bruce Thorn, Chief Executive Officer, cited drastic changes in shoppers’ spending habits as the reason behind the closure.

“Our sales and gross margin were in line with guidance and, importantly, year-over-year inventories continued to come down materially,” he said.

Thorn explained that Big Lots will “increasingly focus” on rural and smalltown markets where the company has proven to outperform similar discount retailers, according to reports.

“This holiday season, Big Lots is making it easier than ever for shoppers to take advantage of some of the year’s biggest bargains, with up to 50% off one-day deals every Friday through Christmas,” the CEO stated.

Also Read: California Now Has Massive Departures As Hundreds of Thousands Leave

Market News Published Daily 📰

Market News Today - Massive Layoffs in Texas Now Surge Prior To The Holidays.
Market News Today – Massive Layoffs in Texas Now Surge Prior To The Holidays.

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.

You can also follow me on Twitter, Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.

More Market News 📰

Become a Sponsor for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.
Become a Sponsor Today!

Recommended For You ✨

  • Wells Fargo is Now Freezing Bank Accounts in New Scandal
  • A Giant Company Now Announces Unexpected Layoffs in Virginia
  • The US Treasury Direct is Now Freezing Customer Accounts
  • California Now Has Massive Departures As Hundreds of Thousands Leave
  • A Massive US Bank is Now Closing Credit Cards
  • SNAP Benefits Will Now Increase For The Year 2024


Tags:

Business NewsFinance NewsInvesting NewsJPMorganMarket NewsStock Market News
Author

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.

Follow Me
Other Articles
Market News Today - Chase Now Scrutinized For Freezing $50K in Retiree Money
Previous

Chase Now Scrutinized For Freezing $50K in Retiree Money

Market News Today - These Massive California Banks Are Now Closing Soon
Next

These Massive California Banks Are Now Closing Soon

2 Comments
  1. Frank Nez says:
    November 16, 2023 at 8:04 pm

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

    Log in to Reply
  2. Frank Nez says:
    November 16, 2023 at 8:04 pm

    Leave your thoughts below.

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

NEW POSTS

  • US Banks Now Receive Subpoenas Following a Massive Margin Call
    US Banks Now Receive Subpoenas Following a Massive Margin Call
  • Vantage Data Centers
    75% of Americans Are Now Opposing The New Development of Data Centers
  • Bank of America Branch Closures Now Surge Before Year Ends
    Bank of America Branch Closures Now Surge Before Year Ends
  • JPMorgan Firm Barred by regulator for illegal trading
    JPMorgan Firm Now Barred by Regulator for Illegal Trading
  • Investors now press Trump on MMTLP scandal - MMTLP news
    Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Unlock your personal brand ebook

Trending Market News 📈

US Banks Now Receive Subpoenas Following a Massive Margin Call

US Banks Now Receive Subpoenas Following a Massive Margin Call

Frank Nez
By Frank Nez
August 26, 2026
JPMorgan Firm Barred by regulator for illegal trading

JPMorgan Firm Now Barred by Regulator for Illegal Trading

Frank Nez
By Frank Nez
August 24, 2026
Investors now press Trump on MMTLP scandal - MMTLP news

Investors Now Press Trump on The MMTLP Scandal: What’s Next?

Frank Nez
By Frank Nez
August 22, 2026
The ASSET Act allows banks and credit unions to freeze bank accounts

Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law

Frank Nez
By Frank Nez
August 22, 2026
Jane Street $15 Billion Loss

Margin Call Forces Citadel Rival Into $15 Billion Loss

Frank Nez
By Frank Nez
August 18, 2026
Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses

Gen Z And Millennials Are Now Choosing Stocks Over Houses

Frank Nez
By Frank Nez
August 9, 2026
Will AMC Stock go up?

3 New Signs AMC Stock Will Continue to Skyrocket

Frank Nez
By Frank Nez
July 20, 2026
Market Manipulation News - Andrew Left

Famous Short Seller Said Market Manipulation Was Like “Taking Candy From a Baby”

Frank Nez
By Frank Nez
June 8, 2026
Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Frank Nez
By Frank Nez
August 5, 2025
Citadel Securities Is Now Warning The SEC About Using Blockchain

Citadel Securities Is Now Warning The SEC About Using Blockchain

Frank Nez
By Frank Nez
July 22, 2025

About

FrankNez is a leading journalism & independent media platform that thrives on community. Read the latest in U.S. Economy, Banking, Markets, and more.

Email: contact@franknezmedia.com

Contact: media@franknez.com

Recent Posts

  • 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

Mentioned By

Yahoo Finance - FrankNez

Company

Privacy Policy

Editorial Policy

About FrankNez

Copyright 2026 — FrankNez. All rights reserved.