AUSTIN (KXAN) — Austin-based tech giant Oracle is laying off thousands of workers, a move first reported by CNBC that’s raising questions about the future of the city’s tech-driven economy.
While the company has not commented on how many employees may be affected in Austin, economists and experts in Austin say the broader outlook for the region remains positive, even as the tech industry undergoes major changes.
“The trajectory of the Austin economy is still in a really good spot,” said Kevin Frazier, director of the AI Innovation and Law Program at the University of Texas School of Law…