Series Of Mass Layoffs Hit Texas; WARN Notice Issued by Many Companies
Dallas, TX: Over the past week, five companies in Texas have issued mass layoff notices.
According to the Worker Adjustment and Retraining Notification Act, companies with over 100 full-time employees are required to give a 60-day notice if they plan to lay off 50 or more individuals at one location. These documents need to be submitted to the Texas Workforce Commission.
Company announces layoffs:
- ABM Industries has filed a notice stating that 176 San Antonio employees will, unfortunately, lose their jobs in March.
- 92 employees were laid off by Unity Technologies in Austin.
- WWL Vehicle Services Americas has announced that 63 employees in Houston will be laid off in March.
- GDI Services filed two separate WARN notices. 44 staff members in Coppell and Dallas are set to be laid off, with one group being affected in April.
Over the course of 2023, Texas experienced a significant impact as 224 companies were compelled to issue WARN notices, resulting in a staggering loss of over 24,000 jobs. Nevertheless, these numbers only account for a fraction of the job cuts in the state.
According to the Federal Reserve Bank of Dallas, layoffs reported by the Bureau of Labor Statistics Job Openings and Labor Turnover Survey in Texas far outweigh the number of WARN layoffs, making up only a small percentage. According to this survey, Texas sees an average of 155,000 job cuts every month.