Latest news with #RoundRock-based
Yahoo
18-04-2025
- Business
- Yahoo
Electronics manufacturer VIRTEX Enterprises laying off 84 employees in Austin
VIRTEX Enterprises LP, an electronics manufacturing services company located in Austin, is laying off 84 employees, according to a WARN notice posted on Wednesday. The layoff date is June 14. VIRTEX has not responded to requests for comment. VIRTEX manufactures circuit card assemblies, cables and harnesses, machined parts and electronic systems for small and medium-sized customers in industrial, aerospace, defense, automotive or medical industries. VIRTEX is based in Austin and has facilities in Plano, as well as in other states like Wisconsin, Massachusetts, New Hampshire, Virginia, New Jersey and in Juarez, Mexico. Over the past two years, layoffs in Austin's tech industry have been piling up. More: Tech layoffs are piling up in the Austin area. Which companies have been hit and why In January, 3D-printing construction tech company ICON laid off over a hundred employees, citing a team realignment and renewed focus on development of its new robotic printing system. Round Rock-based Dell Technologies announced that an unspecified number of employees would be laid off in August, citing a pivot to artificial intelligence innovation. According to its annual report to the U.S. Securities and Exchange Commission in March, Dell Technologies has reduced its global workforce by over 10% over the past 12 months. Google, Indeed, Intel, Expedia, Bumble, Tesla, Microsoft and more have announced layoffs that affected employees in Austin since 2023. Many have pointed to the economy and a unique period where the tech industry is in flux. This article originally appeared on Austin American-Statesman: Electronics manufacturer VIRTEX Enterprises laying off 84 employees
Yahoo
27-03-2025
- Business
- Yahoo
Dell Technologies reduces global workforce by 12,000 in FY2025
Dell Technologies has reduced its global workforce by 10% over the past 12 months. In its annual report to the U.S. Securities and Exchange Commission filed Tuesday, the Round Rock-based tech company said it employed 108,000 people worldwide as of Jan. 31, down 12,000 compared with last year when the company reported a global workforce of 120,000. The company's workforce reductions are due to "ongoing business modernization initiatives" and cost management, according to the filing. The company's overall workforce has shrunk by 25,000 employees since 2023. The report did not detail how the company's Round Rock- and Texas-based workforce has been affected by the reductions. Despite the significant changes to its workforce, Dell reaffirmed its commitment to diversity and inclusion in its filing, saying, 'We are committed to equal employment opportunity and continuing to implement inclusive policies that enable Dell to achieve these goals." Dell's statement comes as diversity, equity and inclusion initiatives face scrutiny both nationally and locally. President Donald Trump has said DEI initiatives and programs are discriminatory and should be investigated by the Justice Department. Outside of business and hiring initiatives, several states including Texas have banned DEI at public universities, shuttering offices and laying off staff at schools including the University of Texas. Tech companies like Facebook and Instagram's parent company Meta and Google's parent company Alphabet have since dropped DEI initiatives, though some companies, like Apple and Microsoft, have doubled down on their commitments. Dell laid off an undisclosed number of employees in August. In a memo sent to employees, the company outlined a plan to redistribute its sales staff and emphasize artificial intelligence innovations. As a result, the company downsized its sales staff and some managerial positions. "We are getting leaner. We're streamlining layers of management and reprioritizing where we invest," senior executives Bill Scannell and John Byrne wrote in the internal email back in August, as reported by Business Insider. More recently, CEO Michael Dell sent a memo in February that the company would be ending remote and hybrid work, expecting all employees who live within roughly an hour of its offices to be at their desks five days a week. More: Dell Technologies ending remote, hybrid work; employees return to office five days a week An internal FAQ reportedly said remote workers will not be eligible for promotion through the company's annual pay planning process without approval from three of the company's most senior leaders, but that employees who live far from a Dell office would be allowed to continue remote work. The mandate began March 3. "We are building a new Dell Technologies for a new future," Dell told staff in a memo obtained by Business Insider. "The pace of innovation has never been faster, and for us to lead, the speed of our business must continue to accelerate. What we're finding is that for all the technology in the world, nothing is faster than the speed of human interaction. A thirty second conversation can replace an email back-and-forth that goes on for hours or even days." This article originally appeared on Austin American-Statesman: Dell Technologies' global workforce reduced by 10% in fiscal year 2025
Yahoo
10-03-2025
- Business
- Yahoo
Gov. Greg Abbott awards Round Rock semiconductor supplier $2M in Texas CHIPS Act funding
Texas Gov. Greg Abbott awarded a $2 million Texas Semiconductor Innovation Fund to Round Rock-based semiconductor supplier KoMiCo Technology. Abbott announced Thursday that KoMiCo would receive the fourth TSIF grant for its facility in Round Rock, located at 201 Michel Angelo Way, just past North Austin. According to Abbott, the funding will support the creation of 70 new jobs and a $36 million capital investment. 'Texas is leading the American resurgence in semiconductor manufacturing and making strategic investments to secure critical domestic supply chains,' Abbott said in the statement Thursday. 'KoMiCo's $36 million investment to expand their clean room capacity and production lines in Round Rock supports increased chip production right here in Texas." KoMiCo, a wholly owned subsidiary of South Korea-based KoMiCo Ltd., works with global chipmakers on semiconductor equipment parts cleaning, coating and repair. The TSIF funding will support KoMiCo's Round Rock facility expansion by over 40,000 square feet, increasing its clean room capacity along production lines, according to the Thursday statement. Nearly a year ago, KoMiCo secured funding and celebrated the completion of the shell of the $30 million expansion, aided by $750,000 in incentives from the city of Round Rock. 'KoMiCo is profoundly grateful to the State of Texas for their generous grant supporting the semiconductor manufacturing supply chain,' KoMiCo USA CEO Sung Soo Jang said in the Thursday statement. 'This investment not only reinforces our industry but also strengthens the technological fabric of our nation." The Texas Semiconductor Innovation Fund was established through the Texas CHIPS Act, which Abbott signed in 2023. The fund aims to invest in semiconductor research, design and manufacturing in Texas. More: President Trump must focus on CHIPS act for Texas, U.S. manufacturing success | Opinion This is the fourth allocation from the fund. In February, Abbott awarded $23.25M to Austin-based Silicon Labs to support research and development and the company's new lab focused on artificial intelligence. He also awarded $2.4 million to Korean Dongjin Semichem Texas Inc., a specialty chemical and materials company with a facility in Killeen, in February. Additionally, $4.12 million was awarded to Intelligent Epitaxy Technology for its new facility in Allen in November. This article originally appeared on Austin American-Statesman: Texas Gov. Abbott awards KoMiCo Technology $2M through state CHIPS Act
Yahoo
14-02-2025
- Business
- Yahoo
Round Rock-based Dell reportedly close to $5 billion deal with Elon Musk's AI startup xAI
Round Rock-based Dell Technologies is reportedly nearing a $5 billion deal to provide Elon Musk's artificial intelligence company with servers optimized for artificial intelligence work. According to Bloomberg, the company will sell servers containing Nvidia Corp. semiconductors to xAI, Elon Musk's AI startup, with delivery set for later this year. xAI's Grok assistant is already available on Musk's social media platform X, formerly known as Twitter. Dell's shares jumped as much as 6% on Friday following the news. More: Dell Technologies ending remote, hybrid work; employees return to office five days a week Musk is building xAI's facilities in Memphis, Tennessee, although most of his businesses are located or moving their headquarters to Texas. Tesla, The Boring Company, SpaceX, and X all have facilities in Central Texas. Dell's fourth-quarter earnings call is scheduled for later this month and AI server business is expected to be a major focus for investors. Some analysts expect Dell to have shipped more than $10 billion of AI servers in the fiscal year that ended last month. This article originally appeared on Austin American-Statesman: Dell shares surge 6% on news of $5 billion AI server deal with xAI
Yahoo
04-02-2025
- Business
- Yahoo
Dell Technologies employees to return to office five days a week
Round Rock-based Dell Technologies is ending remote and hybrid work, expecting all employees who live within roughly an hour of its offices to be at their desks five days a week, Business Insider reported Tuesday morning. The mandate begins on March 3, and the company is retiring its hybrid policy effective that day. "We are building a new Dell Technologies for a new future," Dell told staff in a memo obtained by Business Insider. "The pace of innovation has never been faster, and for us to lead, the speed of our business must continue to accelerate. What we're finding is that for all the technology in the world, nothing is faster than the speed of human interaction. A thirty second conversation can replace an email back-and-forth that goes on for hours or even days." According to the memo from CEO Michael Dell obtained by Business Insider, employees who live far from a Dell office will be allowed to continue working remotely, however, an internal FAQ reportedly said remote workers will not be eligible for promotion through the company's annual pay planning process without approval from three of the company's most senior leaders. The company reportedly wrote in the FAQ that "all future roles will be hired at a specific Dell office and will no longer be offered as remote. " Dell Technologies has not yet responded to email requests for comment about returning to the office and how this will affect its Round Rock- and Austin-based employees. Other companies, such as Amazon, AT&T, and JPMorgan, have reversed their stances on remote work and now expect employees to work in the office full time. The demand to return to work comes as President Donald Trump signed an executive mandating an RTO on his first day in office last week. More: Trump offers buyout to all federal employees, including 130K in Texas — what we know Dell sent a memo in September informing its entire global sales team they'd be required to work in office full time. A month prior, the company outlined a plan to redistribute its sales staff and emphasize artificial intelligence innovations, making the decision to downsize its sales staff and some managerial positions. Other teams — manufacturing teams, engineers, on-site team members and leaders — have all already returned to the office full time, according to the memo. Dell asked its workforce to classify as either remote or hybrid last year. At that time, Business Insider reported that 50% of Dell's full-time U.S. workers chose to stay remote initially. Dell's memo this week asked employees to hold their questions or concerns while the company finalizes plans to return to the office. "We continually evolve our business to deliver the best value and service to our customers and partners. I'm excited for us to have more in-person connections to drive speed, market leadership, and an even stronger culture," the CEO said in the memo. "I look forward to seeing many more of you in the office." This article originally appeared on Austin American-Statesman: Dell Technologies calls workers back to the office, ends remote work
