World Wide Technology, the second largest privately owned company in the St. Louis region with more than $9 billion in revenue last year, plans to close an office in Lewisville, Texas, resulting in layoffs for 156 employees.
In a letter filed with the state of Texas, World Wide Technology officials said market conditions led to the decision to close the office. The cuts are scheduled to take place between July 10 and July 23, but the dates are subject to change “depending on business conditions,” according to the notice.
Based in Maryland Heights, World Wide Technology is a systems integration and solutions provider that has grown remarkably over the past decade, from $2.1 billion in sales and fewer than 1,000 employees to $9.4 billion in sales and more than 4,000 employees.
World Wide Technology officials were not immediately available to comment.
Read more: St. Louis Business Journal