Tech companies revealed plans to lay off hundreds of more Bay Area employees, a disturbing reminder that the volatile industry is still finding ways to shed jobs.
Intel, Maxar Space, Gigamon and AppLovin are among the latest tech employers in the Bay Area to announce their intention to cut their workforces, according to official filings with the state Employment Development Department (EDD). .
Here are details on the latest layoffs reported by technology companies and their impact in the Bay Area.
—Inter cuts 47 jobs in San Jose. The semiconductor giant said the job cuts will take place on November 15th.
— Gigamon lays off 69 people in Santa Clara. These reductions are scheduled to take place on New Year’s Eve, the computer security company reported.
— Maxar Space cuts 61 jobs in South Bay. This includes 52 layoffs in Palo Alto and nine layoffs in Mountain View. The space, satellite and communications company announced that the employee eliminations took place on October 18th.
— AppLovin cuts 58 jobs in Palo Alto. The mobile technology and software company said these cuts were made on October 15th.
— Kaiser Foundation Hospital. Although not a technology company, the healthcare giant has laid off 14 technology jobs in the East Bay, mostly in the IT field. These included seven tech jobs in Pleasanton, six in Oakland and one in Walnut Creek.
Outside the Bay Area, Intel reported plans to cut 272 jobs in the Sacramento County city of Folsom. These price reductions are scheduled to take place on November 15th.
In 2022, 2023 and 2024 — when tech companies began ramping up layoffs in the Bay Area — the technology industry cut well over 47,800 jobs, state EDD records show. This news organization has compiled hundreds of warning notices. is shown.
Ominously, many technology companies have embarked on multiple rounds of layoffs as industry cuts continue. Intel, Maxar Space, and AppLovin have all previously disclosed at least one round of layoffs. Intel has announced several rounds of layoffs.
These are the technology companies that cut the most jobs in the Bay Area in the nearly three-year period starting in 2022, as assessed by WARN notices.
— Metaplatform lays off 5,195 people in Menlo Park, San Francisco, Burlingame, Sunnyvale and Fremont.
— Tesla cuts 3,652 jobs at Fremont, Palo Alto and San Mateo.
— Cisco Systems cuts 2,649 jobs in San Jose, San Francisco and Milpitas
— Google lays off 2,507 people in Mountain View, Moffett Field, San Bruno, Palo Alto, Sunnyvale and San Francisco.
—Broadcom cuts 1,267 jobs in Palo Alto.
— Salesforce cuts 1,202 jobs in San Francisco.
— Inter lays off 1,165 people in Santa Clara and San Jose
— Twitter cuts 900 jobs in San Jose and San Francisco
— PayPal cuts 772 employees in San Jose
— LinkedIn, 711 people laid off in Sunnyvale, Mountain View, and San Francisco
In their recent layoffs, Intel, Gigamon, AppLovin, and Maxar all characterized the layoffs as permanent, according to WARN notices filed with the state EDD.
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