Texas executives seem more hopeful about the future of the economy than those in other states, including California and Florida. A number of companies have moved their headquarters or expanded their presence in Texas over the past year, partly due to its friendly business environment.Texas business executives are more optimistic about the nation’s economic outlook than their peers in other states, even though more than a quarter of them have started or are considering layoffs.
According to the Texas businesses that responded, 8% have already laid off employees and are considering additional layoffs, 8% are in the process of laying off employees and 12% are considering layoffs. The other 73% aren’t considering layoffs over the next six months, higher than the 59% average among the states.
Adam Gersting, West Monroe’s Dallas office lead, said companies need to be thoughtful about how they go about layoffs. “I actually view this as a good thing,” Gersting said. “It’s an indication that businesses continue coming to and expanding in Texas, which creates a demand for more and higher caliber team members to be hired.”
“It ties into what we’re seeing with more and more companies coming to Texas, given the favorable business environment, its geographical location and the political climate,” he said.
You first please
I hope those businesses return any tax breaks received.
With Biden in office and bringing doom and gloom and unions, I’m surprised the number isn’t higher. Bidenflation BidenDestroysAmerica
Sounds more like business followers than leaders Leaders would ensure they not only keep their staff retained during hard times, but hire more people to help their communities Followers worry about their personal wealth and that of their shareholders
This is actually all great news. Curious how it compares to an avg or robust economic snapshot. Companies are posting decent profits even if they’re not beating the quarter before or year before and markets are trending back. The sky isn’t falling.