Fresh waves of layoffs are poised to eliminate the jobs of several hundred tech workers in the Bay Area, a disquieting series of setbacks that suggest the wobbly sector’s staffing reductions have yet to run their course.
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The current cutbacks for the Bay Area tech industry are slated to eliminate more than 400 jobs, according to this news organization’s compilation of official WARN letters that several companies have sent to the state’s labor agency.
Amazon, Dropbox, GoPro, Article and Visa are the most recent companies to slash tech jobs in the Bay Area, WARN letters on file with the California Employment Development Department show.
Here are details about the most recent disclosures of tech job cuts in the Bay Area, according to the WARN notices posted by the state EDD:
— Dropbox, a provider of cloud-based file storage, plans 174 job cuts in San Francisco. The staff cuts are due to occur Nov. 15.
— Visa, an electronic and online card payment firm, revealed 91 layoffs in San Francisco and Foster City. The downsizing is scheduled for Jan. 3, 2025.
— GoPro, a provider of action cameras, video-editing software and mobile apps, disclosed 73 staffing reductions in San Mateo. The layoffs are slated to occur Nov. 8.
— Amazon, an electronic commerce behemoth, plans 57 job cuts in Milpitas. The cuts are scheduled for Dec. 27.
— Article, an online furniture company, revealed 14 layoffs in Hayward. The layoffs are due to occur Dec. 31.
All told, these companies have notified the EDD of their decision to chop a combined 409 tech jobs in the Bay Area in the recent WARN notices.
In 2022, 2023 and 2024, tech companies have revealed plans to slash more than 48,900 jobs, according to this news organization’s compilation of hundreds of WARN notices.
For about three years, the tech industry has orchestrated job cuts at elevated levels after the sector’s coronavirus-linked hiring binge began to fade away.