AUSTIN | Economic Development - Page 124

drummer · #**2461** Posted **Apr 12, 2024, 4:08 PM**

Quote:

Originally Posted by enragedcamel

RE: Samsung

Does this mean it might be a good idea to buy a house in Taylor? Or is it too late now?

Asking for a friend...

Right now is probably better than when they're opening and filling all of their positions...

ATX2030 · #**2462** Posted **Apr 12, 2024, 4:59 PM**

Quote:

Originally Posted by drummer

Right now is probably better than when they're opening and filling all of their positions...

Buy now cause it ain't gonna get any cheaper...

The ATX · #**2463** Posted **Apr 12, 2024, 6:57 PM**

Quote:

Originally Posted by ATX2030

Buy now cause it ain't gonna get any cheaper...

Taylor doesn't have much to offer IMO - except for convenience if your employment is connected to Samsung.

drummer · #**2464** Posted **Apr 12, 2024, 8:58 PM**

Quote:

Originally Posted by The ATX

Taylor doesn't have much to offer IMO - except for convenience if your employment is connected to Samsung.

There are a few hidden gems, but in general, I agree. They're looking to invest in their downtown area a bit with all of the anticipated growth. Their downtown has some decent bones for a smaller town, so we'll see what they come up with.

ILUVSAT · #**2465** Posted **Apr 13, 2024, 4:44 PM**

It will grow. The more people, the more retail and entertainment will move in. For you guys...think of Bee Cave. In 1995 is was a small blinker village of about 280 people (no amenities). It's now home to 10,000 and growing - and a good amount of amenities with more u/c.

Armybrat · #**2466** Posted **Apr 14, 2024, 12:19 AM**

Quote:

Originally Posted by ATX2030

Buy now cause it ain't gonna get any cheaper...

My wife’s best friend from Taylor High School (Class of 1963) has two pieces of farmland totaling 200 acres just east of the Samsung site.
She does not anticipate selling it at cotton patch prices.

Too bad my wife’s family sold their 100 acres fronting on what is now Chandler Road west of Circleville for $400/acre in 1967.

freerover · #**2467** Posted **Yesterday, 12:53 PM**

Quote:

Originally Posted by Jdawgboy

I'm suprised nobody has mentioned the news that Tesla is now Austin's largest private employer. I'm not a fan of Elon, but it's crazy at just how quickly they took the lead, not to mention they expect to have over 60K employees eventually.

Tesla layoffs coming reportedly. Really wish they would have stayed focused on the 25k electric car. Instead we'll have a fleet of FSD taxis running stuff over.

https://www.theverge.com/2024/4/15/2...pointing-sales

https://www.bizjournals.com/austin/n...OQH_-B5hrlopC4

H2O · #**2468** Posted **Yesterday, 1:34 PM**

https://www.nytimes.com/2024/04/15/u...smid=url-share

ATX2030 · #**2469** Posted **Yesterday, 4:49 PM**

Quote:

Originally Posted by H2O

https://www.nytimes.com/2024/04/15/u...smid=url-share

What a massive investment!

What's really huge is this:

...Samsung plans to add an advanced packaging facility for both memory and logic chips, which is a monumental addition because that piece of the process is typically handled in locales like Taiwan, officials said. Samsung will also build a research-and-design lab that will mark the fourth of its kind in the world, along with Samsung's Korea site, Taiwan Semiconductor Manufacturing Co. in Taiwan and Intel Corp. in Oregon. Both of those additions are expected to come online in 2027....

https://www.bizjournals.com/austin/n...joe-biden.html

The ATX · #**2470** Posted **Yesterday, 6:37 PM**

Today was definitely a good news and bad news day for the local economy.

GoldenBoot · #**2471** Posted **Yesterday, 8:19 PM**

Quote:

Originally Posted by The ATX

Today was definitely a good news and bad news day for the local economy.

To be fair...we have yet to realize the true impact on the Austin operation with regard to the Tesla layoffs.

The ATX · #**2472** Posted **Yesterday, 8:49 PM**

Quote:

Originally Posted by GoldenBoot

To be fair...we have yet to realize the true impact on the Austin operation with regard to the Tesla layoffs.

That's definitely true, and the future impact should be significant. But 2,200 GigaTexas employees will lose their jobs - if the 10% cut affects Austin as it does Tesla worldwide.

ATX2030 · #**2473** Posted **Yesterday, 9:27 PM**

Quote:

Originally Posted by The ATX

That's definitely true, and the future impact should be significant. But 2,200 GigaTexas employees will lose their jobs - if the 10% cut affects Austin as it does Tesla worldwide.

Tesla is taking a hit just like several other tech companies have this past year and a half. That's why Meta, Google and other are trying to sublease space DT. Dell cut 10% of their global workforce last year.

https://techcrunch.com/2024/04/15/te...ffs-2023-list/

GoldenBoot · #**2474** Posted **Yesterday, 9:51 PM**

Quote:

Originally Posted by The ATX

That's definitely true, and the future impact should be significant. But 2,200 GigaTexas employees will lose their jobs - if the 10% cut affects Austin as it does Tesla worldwide.

Job cuts are not usually that simple/cut-and-dry. Austin will probably have less than or more than 10% cuts. We just don't know yet.

GoldenBoot · #**2475** Posted **Yesterday, 9:53 PM**

Quote:

Originally Posted by ATX2030

Dell cut 10% of their global workforce last year.

And Dell is following that up with more layoffs this year.