The meme is trying to wrangle the premise that "large corporations are (most often) bad" (which ofc is true:-P) into a humorous statement that engineers in the state of Texas have limited opportunities to find jobs.

The problem is that it messes up all the details - e.g. if you have ever heard of GameStop, Dell, or Texas Instruments (just to name 3) they all have their headquarters in Texas, plus numerous top tech companies have branches there like Samsung. A 5s Google search shows many, MANY more.

For extra context: moving between states is nothing at all like moving between countries - and e.g. the state of California has a GDP comparable to Germany - plus there are many jobs in the state of Texas for both Engineers and also non-Engineers, especially if someone is willing to make less money in exchange for other QoL factors (like living closer to family?) so... in short, it is not your fault for not understanding this meme.:-)

Though there must be just enough of something in it for it to have gotten this many upvotes, in spite of all that. As someone who hasn't lived in Texas for many years, I must be on the outside looking in now and thus don't get it:-P.