Strauss Borrelli PLLC, a leading class action law firm, is investigating SMBC Manubank dba JeniusBank regarding its recent potential mass layoff across all the United States. The WARN Act is a federal law that requires certain employers to notify their employees, in writing, at least 60 days before a plant closing or mass layoff takes effect. As a result, we believe JeniusBank employees may be entitled to 60 days of severance pay and benefits.
WHAT HAPPENED?
On January 8, 2026, JeniusBank notified multiple states’ Departments of Labor of its decision to conduct a mass layoff across the United States. The federal law, known as the Worker Adjustment and Retraining Notification (WARN) Act, requires covered employers to provide 60 days’ prior written notice to employees, their representatives, and certain government parties in the event of a mass layoff or plant closing. We are investigating whether JeniusBank failed to provide at least 60 days’ notice before laying off 173 employees and, therefore, violated the WARN Act.
ABOUT THE WARN ACT:
The WARN Act is a federal law passed in 1988 by Congress that requires employers with 100 or more employees to provide a 60-day notice of significant layoffs or plant closings. This notice gives workers and their families time to prepare for job loss, seek new employment, and pursue training or retraining opportunities. The WARN Act aims to reduce the impact of sudden job loss on workers and communities by ensuring they have sufficient time to transition. Generally, employees must receive a WARN Act notice if they are laid off or if their hours are cut by 50% or more in any six-month period because of a plant closing or mass layoff. It is possible that a temporary layoff may still violate the WARN Act if it ends up lasting longer than six months.
Employers who do not follow the WARN Act rules, either by giving notice too late or providing unclear notices, may have to pay employees back pay and benefits for the time they were in violation.
If you or someone you know was laid off from SMBC Manubank dba JeniusBank, we would like to speak with you about your rights and potential legal remedies. Please fill out the form below or contact us at 872.263.1100 or sam@straussborrelli.com
ABOUT JENIUSBANK:
JeniusBank, headquartered in Los Angeles, California, is a U.S. consumer digital bank that offers savings accounts and money management tools through a mobile and web platform. It operates as a division of SMBC Manubank, part of Sumitomo Mitsui Banking Corporation’s U.S. operations.
If you or someone you know were laid off from SMBC Manubank dba JeniusBank:
We would like to speak with you about your rights and potential legal remedies. Please fill out the form below or contact us at 872.263.1100 or sam@straussborrelli.com.
