Intel jolts local job market with latest layoff disclosures
SANTA CLARA >> The jolts from the job cuts Intel has announced have intensified with disclosures of plans by the chipmaking giant to slash more jobs in Santa Clara, according to new state filings.
Spartronics, a maker of printed circuit boards and other electronic equipment, revealed in a filing with the state Employment Development Department that it had decided to shut a Milpitas manufacturing plant.
Intel is planning to eliminate 177 jobs in Santa Clara, effective on or after March 15, the tech titan told the EDD in a WARN notice.
“All impacted employees are being notified of separation with at least 60 days' notice,” Marc Nadler, Intel's director of corporate people movement team, stated in the EDD filing.
With these latest job cuts, Intel has now revealed plans to eliminate 378 jobs in the Bay Area, a review of the company's WARN letters shows.
These cutbacks by Intel are part of the company's previously announced plans for worldwide staffing reductions.
“No employees will have the right to bump or displace other employees, and there is no union representing the affected employees,” Nadler stated in the WARN filing.
Spartronics intends to cease operations at its Milpitas site on Milmont Drive in October, a shutdown that is expected to eliminate 74 jobs, the company told the EDD.
“This action is expected to be permanent,” Spartronics stated in the WARN letter. “The entire plant will be closed.”
Tech companies have launched job cuts as part of their broader moves to recalibrate their workforces in the wake of the pandemic.
Amazon has said it plans to cut 18,000 workers worldwide and has decided to eliminate several hundred jobs in the Bay Area. Microsoft said it was eliminating 10,000 workers globally. And Hewlettpackard said it planned to chop 4,000 to 6,000 jobs over the next three years.
Facebook app owner Meta Platforms, Google, Cepheid, Twitter, Salesforce, Cisco Systems, Amazon, Lyft, Oracle America, Intel, Doordash, Argo AI, Zymbergen, Paypal, Roku and Rivian Automotive are among the high-profile tech and biotech companies that have disclosed or carried out plans to eliminate jobs in the Bay Area.
Despite the string of layoff announcements, the Bay Area in December added 13,600 jobs and accounted for a jaw-dropping 84% of the 16,200 jobs gained in all of California last month.
Tech companies added 4,300 jobs in December.
The effects of the announced and planned job cuts might not be felt in the official state labor statistics for months, due to the timing of the layoffs and when the government updates its monthly snapshot of the California and Bay Area job markets.