Amherst, New York-based Strategic Financial Solutions, a consumer-facing debt settlement and resolution service that also serves attorneys, has ceased most operations and is implementing a mass layoff of all employees with the exception of a small Court-approved group (about 76 employees) to service attorney accounts.
The closure will impact all 838 employees, with 240 employees located in Buffalo, New York, 251 employees in New York City, and the remaining 350 employees are remote workers.
According to the Consumer Financial Protection Bureau and seven state attorneys general, the company allegedly was “running an illegal debt-relief enterprise" that fraudulently obtained more than $100 million from consumers.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?