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Old 05-01-2007, 06:21 AM
 
212 posts, read 768,752 times
Reputation: 72
Default Big Dell Layoff Coming??

Hi,

We found our dream house yesterday in Round Rock, we're very excited.

A few people we've spoken to have mentioned there is a big Dell layoff coming in the next week or two. Anyone have any insight on this? Apologies if you haven't heard this yet (hopefully no one on this forum will be impacted by this).

Just wondering if it will be significant and how it could impact the housing market.

Thanks!
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Old 05-01-2007, 06:44 AM
 
Location: Austin, TX
8,590 posts, read 17,251,022 times
Reputation: 3445
Don't know anything specific, but I can't recall a time in the last few years that someone wasn't talking about a big layoff at Dell...some happened, some didn't.....
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Old 05-01-2007, 10:03 AM
 
80 posts, read 249,384 times
Reputation: 39
Default Austin real estate sensitivity

Quote:
Originally Posted by GANKS View Post
Hi,

We found our dream house yesterday in Round Rock, we're very excited.

A few people we've spoken to have mentioned there is a big Dell layoff coming in the next week or two. Anyone have any insight on this? Apologies if you haven't heard this yet (hopefully no one on this forum will be impacted by this).

Just wondering if it will be significant and how it could impact the housing market.

Thanks!
Although I am new to Austin, a look at the chamber of commerce
web site shows this:
http://www.ci.austin.tx.us/growth/majoremp.htm

Based on slightly dated data, it seems that several high tech companies
such as DELL, AMD and motorola (most of it is freescale now) have
a significant share of the workforce. While I don't know much about
freescale (it is private now), I know that AMD has a big cash crunch
after they bought ATI, and DELL has had issue with products, support
and HP/Lenovo competetion in general.

So, although I don't know about layoff rumors, I know for sure that
Austin is beginning to get "tech-heavy", and that is not very
good as far as real estate goes.
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Old 05-01-2007, 10:15 AM
 
960 posts, read 1,829,025 times
Reputation: 605
Quote:
Originally Posted by pdxtech View Post
So, although I don't know about layoff rumors, I know for sure that
Austin is beginning to get "tech-heavy", and that is not very
good as far as real estate goes.
Well, we had a nasty real estate downturn in certain parts of Austin and the suburbs from 2001-2003 that was mostly due to tech layoffs and Dell was a big part of that. I would say our economy is a bit more diversified now than it was at that time, but big tech layoffs will still cause problems in real estate especially in Round Rock and the north/northwest suburbs.
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Old 05-03-2007, 11:40 AM
 
573 posts, read 1,746,005 times
Reputation: 145
Job cuts were announced. http://www.statesman.com/business/content/business/stories/other/05/03/3cbriefs.html (broken link)

Doesn't look bad at all, but easy to say.
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Old 05-03-2007, 01:45 PM
 
Location: Austin
206 posts, read 920,191 times
Reputation: 78
Though i really feel for the 800 people who are going to get affected, I don't think this news is going to make much impact on the Austin economy. Or Does it?
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Old 05-09-2007, 05:24 PM
 
149 posts, read 346,036 times
Reputation: 30
Small number but still...

AMD makes cuts

Travis Bullard, an AMD spokesman in Austin, told the Austin Business Journal in an e-mail that the 80 employees losing their jobs here are among roughly 430 being laid off throughout the entire company.

http://austin.bizjournals.com/austin...7/daily27.html
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Old 05-09-2007, 10:37 PM
 
581 posts, read 1,366,533 times
Reputation: 126
i hear of the new IT center in san antonio. if that help any of the 800 people effected
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Old 05-10-2007, 08:50 AM
 
80 posts, read 249,384 times
Reputation: 39
Default And now, Sematech is moving out

This is definitely not good for Austin. I wonder if the State of New York
went all out to grab them away from us, what was our state government
doing?

http://biz.yahoo.com/bizj/070510/1459765.html?.v=3 (broken link)
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Old 05-10-2007, 10:53 AM
 
Location: Georgetown, TX
873 posts, read 2,182,139 times
Reputation: 312
Quote:
"This region has become smarter about growth than Austin, so I think the growth is going to be gradual and more systematic," he said. "Eventually, this region, I hope will double in population."
I wonder what they mean when they say 'smarter about growth than Austin.' Can anyone chime in about the Albany market?
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