Round Rock, Texas- Dell Computer just announced that they are cutting 88,100 jobs, approximately 10% of their workforce. The layoffs will occur over the next 12 months and will help keep the company afloat.
It's rumored that approximately 8000 jobs will be in Austin, but that hasn't been confirmed. Last time Dell had massive layoffs back in 2002, the Round Rock, Pflugerville and Austin real estate markets were negatively affected.
Of course, back then, the "tech crash" is what really hurt our city since most jobs were in the tech sector. Now, Greater Austin has a more diverse company mix. Anytime a large company has layoffs, the surrounding real estate markets have a chance of suffering. I'll definitely stay on top of the effects.
Read More: PC World - Dell to Lay Off 10 Percent of Employees.
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