Nearly 400 employees at two North Texas worksites will be laid off in the coming weeks, according to notices filed with the state.
Alexandria, Va.-based Information Technology Coalition Inc., which provides services like cybersecurity, will cut 370 employees in Irving effective Jan. 31, the Texas Workforce Commission reported Monday.
IT Coalition works with a number of government organizations, including the Department of Homeland Security, the Federal Bureau of Investigation and the Department of Defense. IT Coalition’s Irving layoffs are taking place at a government facility due to the end of a contract, according to the TWC notice.
Farmers Branch-based home security and alarm monitoring company Brinks Home said it will lay off 20 Dallas employees, effective March 3. Monitronics International Inc, which does business as Brinks Home, is eliminating certain field service offices, resulting in the layoffs of 81 employees, including 20 field service technicians in Dallas, according to its filing.
Brinks Home employs 1,071 workers in Texas, with the new cuts affecting less than 2% of the company’s total workforce in the state, said spokeswoman Erica Bartsch. The company isn’t planning additional layoffs, she said.
“We made the decision to close certain field service offices based on an analysis of business opportunities in those markets,” she said. “We deeply regret that these actions were necessary and greatly appreciate the loyalty and service of each employee during their tenure with the company.”
Brinks had about 2% market share in the $65 billion smart home security market, it said in its latest investor presentation from December 2021 before the company went private. It reported about $530 million in annual revenue for 2021. It provides services to about 900,000 residential and commercial customers, according to its website.
The filing of layoff notices with TWC is required under the Worker Adjustment and Retraining Notification Act, which took effect in 1989. It requires employers with 100 or more full-time employees to provide a 60-day notice before laying off 50 or more people at a single site of employment. This is meant to give workers time to look for a new job.
Last year, Texas employers laid off around 6,800 workers — fewer than half the number sent packing in pre-pandemic 2019. Texas recovered all of its pandemic job losses by the end of 2021. The Dallas Fed said in December that it estimated Texas would add 452,000 jobs in 2022. Texas grew jobs by 3.5% in 2022 compared with 3.2% for the U.S., according to Dallas Fed estimates.
In 2022, the U.S. saw massive layoffs across the tech industry as companies dealt with supply chain issues, lower consumer demand and fears of a mild recession coming in 2023. But overall, job cuts nationally were lower than normal last year.
In 2022, U.S. employers announced plans to cut about 364,000 jobs, up 13% from the job cuts announced in 2021, according to outplacement firm Challenger, Gray & Christmas Inc. That was the second-lowest number of yearly job cuts recorded since Challenger started tracking in 1993, with 2021 being the lowest.
