Five companies across North Texas are cutting a total of 275 jobs.
Before layoffs can occur, companies that staff 100 or more full-time employees must give a 60-day notice to the Texas Workforce Commission before laying off 50 or more workers at a single location.
While the latest cuts are troubling, the metroplex’s economy shows signs of resilience. As reported last month by The Dallas Express, the Dallas-Fort Worth area added 17,400 jobs to the financial sector alone in 2023, helping secure it as the nation’s second-largest hub for financial workers.
Here is what we know about the recent local layoffs, per The Dallas Morning News:
Ironhorse Funding LLC (9 jobs)
Collectors, managers, and directors will be among the nine positions eliminated at Ironhorse Funding LLC, a self-proclaimed leader in providing “innovative finance solutions to enthusiasts and dealers in the motorcycle, power sports, RV, and marine markets.”
Daifuku Services America Corp. (38 jobs)
The company, which delivers “operations and maintenance support for baggage handling systems and passenger boarding bridges in the U.S.,” plans to lay off more than three dozen employees, including managers, analysts, and recruiters, in Carrollton.
Frontpoint LLC (53 jobs)
Frontpoint, a home health and hospice staffing agency, is expected to cut 53 positions in March as it shuts its primary home care program.
Oldcastle Infrastructure (64 jobs)
The concrete product supplier is cutting dozens of positions at its Kennedale operation, according to a Worker Adjustment and Retraining Notification sent to the Texas Workforce Commission.
Denbury Inc. (111 jobs)
Oil and gas producer Denbury Inc. will see all its cuts come from its Plano operation starting this May. Exxon acquired the company in 2023 for $4.9 billion.
At the end of 2022, the company employed 765 people, of which 351 worked at their corporate headquarters in Plano.
Last year, DFW recorded the second-most new jobs in the United States. Despite only making up 2% of the nation’s population, DFW saw 4.5% of all new positions created between August 2022 and August 2023.
