Texas Employers Cut 23,000 Jobs in First Half of 2013
by: Andrew Schneider, July 4, 2013 5:07:00 am
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.