Hewlett-Packard layoffs could cost the city of Plano up to $2 to $3 million in potential sales tax.
HP announced 27,000 job cuts worldwide. And the company's Enterprise Services Group housed at the old EDS facility in Plano is expected to take the biggest hit.
"They're a major corporation so they contribute in property tax, but they also contribute in sales tax," said City Manager Bruce Glasscock.
Small business owners in the area are bracing to absorb the hit.
"I'm concerned that there's less employees at each company every day and that means less people coming to Sal's. The less people come to Sal's the bigger problem I have," said Kenny Jakova from nearby Sal's Pizza.
An estimated 5,000 HP employees work in the Plano office. There is no word yet on exactly how many Plano-based employees will lose their jobs or when the layoffs will go into effect.
KDFW FOX 4
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