Austin-based auto refinancing company RateGenius Loan Services Inc. is laying off 139 employees, according to a new filing with the Texas Workforce Commission. The layoffs occurred on Jan. 11 at RateGenius’ office at 9300 United Dr. in North Austin, the filing shows.
RateGenius’ layoffs come amidst a wave of cutbacks at tech companies. Amazon and Cart.com are among the companies that have laid off Austin area employees. And, on the same day, RateGenius’ layoffs became public, Miami-based transportation and logistics company Ryder also announced plans to cut as many as 800 employees.
RateGenius made the disclosure under the Worker Adjustment and Retraining Notification Act. Representatives didn’t respond to questions about how many employees remain, but the company did offer a statement about the decision.