Texas is currently grappling with its most significant wave of layoffs in two years, with 920 jobs slashed across seven key industries. This downturn, affecting sectors like technology, energy, and manufacturing, is primarily concentrated in major urban centers such as Austin, Houston, and Dallas. The layoffs mark a stark shift from the relative stability experienced since mid-2022, driven by economic challenges including rising interest rates and persistent supply chain disruptions.
Overview of Layoff Scale and Timeline
The recent layoffs in Texas, totaling 920 jobs, represent the largest reduction since the second quarter of 2022. According to state labor statistics, this figure underscores a significant increase in job losses compared to previous…..