In Dallas, Tarrant, and Collin counties, 275 workers were laid off

Dallas-Fort Worth employees face layoffs, with five local businesses eliminating 275 positions. Oil and gas firm Denbury Inc. plans to lose 111 Plano employees due to the Exxon Mobil acquisition.

Employees in Dallas-Fort Worth are experiencing layoffs; five local businesses have eliminated 275 positions. Oil and gas firm Denbury Inc. informed the Texas Workforce Commission that 111 Plano employees will lose their employment beginning in May due to the company's recent acquisition by Exxon Mobil.

In November, Exxon paid $4.9 billion to expand its solutions division and acquire the carbon capture specialist. The combination added more than 1,300 miles of pipeline in Texas, Louisiana, and Mississippi, giving Exxon the largest pipeline network for carbon dioxide in the United States.

According to regulatory filings, Denbury employed 765 people at the end of 2022, 351 of whom worked in the corporate headquarters located in the Legacy district of Plano. Oldcastle Infrastructure, a provider of concrete products, has submitted a worker adjustment and retraining notification to the TWC stating that it is closing its production facilities and will eliminate 64 positions in Kennedale.

Companies with 100 full-time employees must give 60 days' notice before terminating 50 or more employees at one location to give workers time to find other employment. Frontpoint LLC, a staffing company specializing in home health and hospice care, will lay off 53 employees on March 11 to shut down its principal home care program at Gilead Community Home Health in Arlington.