SAN JOSE — Several employers have announced plans to chop tons of of tech jobs within the Bay Area, a troubling reminder that layoffs are increasing due to region's slowing economic engine.
According to official notices filed with the state Employment Development Department (EDD), Intel, Amazon, Kaiser and electric vehicle charging company FreeWire Technologies have announced their intentions to conduct layoffs in the approaching weeks and months.
The layoffs affect staff in San Jose, Newark, Pleasanton, Oakland and San Francisco.
Here are the small print on where these employers have decided to chop jobs and when the cuts will occur, in line with WARN letters sent to the state EDD:
– Intel, 75 job cuts in San Jose as a part of Innovation Drive. These are scheduled to happen around May thirty first.
– Amazon, 85 layoffs in San Francisco on Tennessee Street. These will happen at an Amazon achievement center that is anticipated to be permanently closed. The reductions are scheduled for June twenty seventh.
– FreeWire Technologies, 113 Newark workforce reductions on Gateway Boulevard. These are planned for the FreeWire headquarters location, which might be permanently closed. The layoffs are scheduled to happen on June twenty fourth.
– Kaiser Foundation Hospitals, 44 job cuts within the Bay Area, including 33 in Pleasanton and 11 in downtown Oakland. The affected staff in Pleasanton have job titles related to technical work. The layoffs at Kaiser are scheduled for June 21. Kaiser can also be cutting jobs in Southern California.
All employers described the layoffs as everlasting.
Since the wave of tech layoffs began greater than two years ago, these 10 corporations have shed essentially the most tech jobs within the Bay Area. The period extends from January 2022 to early May 2024:
– Facebook app owner Meta Platforms, 5,195 layoffs
— Tesla, 3,051 job cuts
– Google, 2,507 headcount reductions
– Cisco Systems, 1,754 layoffs
— Broadcom, 1,267 job cuts
— Salesforce, 1,202 headcount reductions
– Intel, 1,064 layoffs
— Twitter, 900 job cuts
— PayPal, 772 headcount reductions
– LinkedIn, 711 layoffs
Worryingly, for the primary time in the present cycle, Apple revealed plans for layoffs that included the Bay Area. The iPhone maker announced in recent weeks that it will cut 614 jobs within the region.
More than 42,300 tech jobs have been eliminated within the Bay Area for the reason that current wave of layoffs within the tech industry began greater than two years ago, in line with this news organization's review of WARN letters and EDD public posts. These Bay Area tech job losses are as a result of corporate layoff announcements in 2022, 2023 and 2024.
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