East Bay Times

Genentech, Intel and Golden Gate Fields cut workers

1,000-plus jobs are lost in a large swath of the Bay Area

- By George Avalos gavalos @bayareanew­sgroup.com

Golden Gate Fields, Genentech and Intel are among the latest high-profile employers to disclose plans to chop Bay Area jobs soon, disquietin­g new revelation­s that hint at a wobbly regional economy.

More than 1,000 jobs are being lost in the Bay Area as a result of the latest staffing reductions companies disclosed in official notices they sent to the state Employment Developmen­t Department (EDD).

This time around, however, the vast majority of the layoffs are not in the tech industry, a sector that has been trimming jobs at an elevated pace for more than two years.

Even so, chipmaker Intel and electric vehicle charging firm Volta are among the latest tech companies that revealed plans for staffing reductions in the Bay Area, according to the public posts on the EDD website.

Here are details for some of the latest job cuts affecting workers in the Bay Area, based on the EDD posts:

• Golden Gate Fields, whose parent is Pacific Racing Associatio­n, is chopping 203 jobs in Berkeley at the racetrack. These are part of a permanent closure of that site. The layoffs are due to occur around June 9.

• Genentech, a biotech behemoth, is slashing 436 jobs in South San Francisco. These cuts are permanent and are scheduled for June 5.

• Intel, a semiconduc­tor titan, is cutting 62 jobs, all in Santa Clara, including at the tech company's headquarte­rs.

• Volta, which operates a network of electric vehicle charging stations, is chopping 68 jobs as part of its permanent closure of a San Francisco facility. The charging stations often include large digital screens that provide advertisin­g. In 2023, a unit of energy leviathan Shell announced it had struck a deal to buy Volta.

• Sanofi, a France-based pharmaceut­ical company, is cutting 100 jobs in South San Francisco as part of a

Newspapers in English

Newspapers from United States