Job cuts across the state have touched a variety of industries, including real estate lenders, retailers and logistics companies.
In Texas, companies file Worker Adjustment and Retraining Notification Act notices with the Texas Workforce Commission. The 1988 law requires companies with 100 or more employees to provide 60 days notice of closings or mass layoffs. It’s intended to give employees time to potentially find new work or train for new positions.Texas employers have laid off more than 4,200 workers so far this year, according to notices filed with the Texas Workforce Commission.
Despite the layoffs, Texas employers also continue to add jobs to the state’s economy at a brisk pace. In July, the most recent state data available, employers
So, “likely due to interest rate hikes the Biden administration has implemented to curb record-high inflation.” Best places to do business dropped from 4th to 5th place, still better off than 44 other states. Why does the DMN hate Texas and Texans.
Another Greg Abbott failure.