Tech layoffs have hit the Bay Area economy hard this year, but there are new signs the job cuts may be slowing down.
The San Jose Mercury News reports tech companies filed warnings for more than 5,000 Bay Area job cuts in the second quarter between April and June. Meta was one of the companies restructuring in the post-pandemic economy, cutting more than 1,000 jobs locally in May with additional layoffs announced in the following months.
After about a three month job search, Garcia ended up at Abbott, a company specializing in health technology. While he's doing a similar job, he's doing it for a company that has a very different focus than his previous employer. "I ended up having times with interviews back-to-back from different companies on some days," Garcia said."I know the big tech companies are the ones people have most in mind - but there are plenty of jobs out there that are as fulfilling and as rewarding as the one you had over there."
"They're growing. They're not downsizing. They have really aggressive goals and so they're picking up some people that you know what, they might not have considered," she said."They're not well known, they maybe don't have the cache that some of the large firms had, but I think they are benefitting from the downsizing and the talent being on the market."
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