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IT firm new to Rio Rancho lays off 50

ALBUQUERQUE, N.M. — PCM, the California IT company that expanded to Rio Rancho last year, has laid off 50 of its 200 employees.

“We had to make a decision … in line with managing the productivity of our sales force in Rio Rancho,” said Charles Walters, senior talent acquisition manager for the Rio Rancho operations.

The jobs that were shed were in the company’s commercial operations, which provides technology services to businesses.

At the same time, the company is hiring people for its public sector operations, which sells services to hospitals and government entities, Walters said. Those who were laid off are eligible for rehire, he said.

Despite the layoffs, the company is “well over” its hiring objective of 75 people since it opened last year, Walters said. It aims to eventually hire 224 people in Rio Rancho.

The El Segundo-based company is located in the old Hewlett-Packard complex.

PCM received approval to draw $700,000 from the state’s closing fund via the Local Economic Development Act .  It has received $1.7 million in Job Training Incentive (JTIP) funds.