AT&T Call Center Layoffs Continue Decreasing call volumes to AT&T Inc. (NYSE:T) call centers have led to layoffs in various cities as the Dallas-based telecommunications company continues to face challenges in 2017. Doing what it takes to stay competitive and operationally profitable is the main goal of any business. Retraining, restructuring, cost-cutting, and downsizing are the (more…)
East Houston Regional Medical Center to Shut Down Due to Storm Damage Despite surviving previous storms, the East Houston Regional Medical Center will now be shutting down in the wake of Hurricane Harvey, leading to hundreds of Houston hospital layoffs.
Vistra Energy Corp. (NASDAQ:VST) announced it is acquiring Dynegy Inc (NYSE:DYN) in an all-stock deal valued at $1.74 billion. Debt-laden Dynegy has seen its margins shrink in the face of cheaper electricity prices. The merger of the two Texas-based energy producers will create one of the largest integrated power companies in the U.S., with a (more…)
Are More ConocoPhillips Layoffs on the Way After Budget Cut? One of America’s largest oil companies, ConocoPhillips, has slashed its capital budget by 10%, sparking fears of possible ConocoPhillips layoffs in 2017. ConocoPhillips released its third-quarter earnings on Thursday, which beat analysts’ estimates. However, the company later dropped a bombshell, saying it was planning to slash its (more…)
Convergys Corp’s (NYSE:CVG) office in Lubbock filed a notice with the Texas Workforce Commission saying it will soon be laying off 406 employees. The global outsourcing firm said the call center layoffs are a result of low call volume, a trend that has already claimed hundreds of Convergys jobs in Arizona and Tennessee this year.
Even before Hurricane Harvey devastated thousands, destroyed billions of dollars’ worth of property, and caused long-term damage to the Texas economy, some Houston businesses were already facing major economic hurdles.
When nature shows its fury, in the short term lives are lost, property is damaged, and losses run into the billions. Job losses are one of the longer-term consequences of natural disasters like Hurricane Harvey and Hurricane Irma. Employment has already taken a hit in recent weeks, and there is a great concern in Florida (more…)
Roughly 200 People Will Lose Their Jobs in a Couple of Months Two tech companies operating in the Austin area are planning on cutting 200 jobs over the next couple of months, according to documents filed with the Texas Workforce Commission.
NRG Energy Inc (NYSE:NRG) appears to be quietly seeking contract workers to help maintain power plants in Houston. NRG operates nine power plants and owns all or part of seven wind and solar projects in Texas.
U.S.-based employers announced plans to axe 28,307 jobs in July, with California, Texas, and New York leading the way. Through the first seven months of 2017, employers have announced 255,307 planned job cuts; California, Texas, and Ohio lead in the year-to-date totals.