While many Austin businesses continue to grow, Concentrix Corporation notified the Texas Workforce Commission that it is preparing to lay off more than 500 people in the state capital.

Concentrix said it would lay off 569 people just before Christmas. The effective date for the layoffs is December 18, according to the company.

The company has more than 90,000 employees in 25 countries around the world. Concentrix focuses on business services, according to the company’s website.