Texas Employers Cut 23,000 Jobs in First Half of 2013

Texas employers announced just shy of 1,000 job cuts in June.

The June numbers bring the state’s total job cuts for the year to more than 23,000. That’s the third-largest number of cuts after New York and California.

John Challenger is CEO of global outplacement firm Challenger, Gray & Christmas. He says, at least in the case of Texas, the job losses are more a measure of economic vibrancy than of weakness.

"We’re not seeing them for traditional recession-type reasons, you know, just across-the-board business is down. We’re seeing them because competitors — say a company in a very competitive industry is not doing well, and it’s got to cut jobs because it has to shift its direction. Or we’re seeing a merger or an acquisition occur, and the company doesn’t need two headquarters."

Nationwide, planned job cuts topped 39,000 in June, up 8% from May. But the pace of job cuts for the first half of the year is down about 9% compared to the same period in 2012.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...