A two-month spree of brutal job cuts among tech and biotech firms has eliminated more than 7,600 positions in the Bay Area.
A two-month spree of brutal job cuts among tech and biotech firms has chopped more than 7,600 positions in the Bay Area, a forbidding trend that’s coming to light in official state labor notices.
Facebook app owner Meta Platforms, Twitter, Amazon, Lyft, Oracle, Roku, Seagate, PayPal and GoFundMe are among the high-profile companies that have eliminated jobs or have disclosed plans to jettison positions in the Bay Area, the EDD WARN letters show. The most recent round of layoffs included job terminations by these companies: Nuro, 269 jobs in Mountain View; Flex Ltd., an electronics manufacturer, 155 jobs in Milpitas; RingCentral, 50 jobs in San Francisco; and Illumina, a software firm, 24 jobs in San Mateo and Hayward.San Jose-based Cisco Systems is warning it has decided to eliminate 5% of its workforce, which could mean the loss of 4,100 jobs worldwide.
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