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July 6, 2009
Wyle cuts Austin jobs, but workers get new employer
Wyle Laboratories is cutting 67 Austin high-tech jobs at the end of the week, but most will move over to another company that won a government contract Wyle previously held.
In a letter to the Texas Workforce Commission, Wyle said that it lost an information technology and facilities management contract with the Jobs Corps. The new contractor is Altech Services, based in Oklahoma City.
Wyle said the change will be seamless for employees, with no gap in work time or benefits.
Wyle was required to report the change to the Workforce Commission under federal law governing job cuts.
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March 16, 2009
Stanford Financial Group cuts 16 employees in Austin
Stanford Financial Group laid off 16 employees in Austin on March 6, the Texas Workforce Commission reported today. Eliminated jobs include a managing director, six financial advisors and a few support positions.
Stanford Financial Group was run by R. Allen Stanford, who has been named in a civil fraud case by the Securities and Exchange Commission.
According to the Worker Adjustment Retraining Notification, or WARN, list released by the state, Stanford Financial Group also cut 297 jobs in Houston and 28 positions in Dallas.
Nationwide, Stanford cut 1,022 jobs.
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