Wells Fargo and Colonial Savings have announced plans to cut a combined 350 positions in Texas due to restructuring efforts prompted by challenging economic conditions in the financial sector.
A new WalletHub study ranks Texas as the seventh-best state for employment in the U.S., highlighting strong job security, high starting salaries, and significant employment growth, particularly in Houston.
Port Houston has completed its section of a $1.2 billion project to deepen and widen the ship channel, enhancing efficiency and safety of one of the nation’s busiest waterways. This achievement is expected to boost economic activity and trade significantly.
ExxonMobil has delayed the development of a $10 billion plastics plant in Texas, citing unfavorable market conditions. The project, expected to produce millions of polyethylene pellets annually, faces uncertainty following a judicial setback on tax incentives.
A recent explosion at a Houston hotel under construction has postponed its scheduled opening. The incident, caused by the detonation of tankless water heaters, has delayed the launch of the Holiday Inn Express and Staybridge Suites, initially set to open ahead of major upcoming events in the city.
Over 500 workers in Texas face layoffs as diverse industries announce job cuts, including significant reductions at DSTV Inc. and Texas Instruments. The transitions leave many uncertain, with some potential rehiring opportunities and city contracts shifting hands.
Fermi Corp., co-founded by former Texas Gov. Rick Perry, is set to launch a $715 million IPO, marking a pivotal moment in Texas’s AI and energy landscape. The company aims to revolutionize AI infrastructure with its ambitious Project Matador, spotlighting the intersection of technology, energy, and politics.
Electrolit, a rapidly expanding sports drink brand, has relocated its U.S. headquarters to a historic building in Houston. The site, rich in local history, supports 60 employees and is poised for growth, with plans for significant expansion and new facilities in Texas.
Salad and Go, a popular drive-thru chain, is closing all Houston and several Texas and Oklahoma locations to focus on brand strengthening. The closures, part of a broader strategy by CEO Mike Tattersfield, align with industry-wide challenges including inflation and economic uncertainty impacting the dining sector.
This week, budget cuts have led to significant changes in Houston’s radio scene, affecting both commercial and public stations. Key hosts at ESPN 97.5 and 92.5, including Paul Gallant and Joel Blank, have departed due to financial constraints. Meanwhile, Houston Public Media has also announced layoffs and restructuring amidst federal funding cuts. Despite these setbacks, efforts continue to bridge financial gaps and prioritize community service.