Tech layoffs top grim milestone
Cutbacks so far in 2023 rocket far above totals for all of 2022
The latest disclosures of local layoffs by Facebook owner Meta Platforms, along with recently revealed cutbacks by other companies, have shoved the number of tech job cuts in the Bay Area far beyond a grim milestone.
Tech companies have revealed plans to eliminate nearly 25,000 jobs during 2022 and so far in 2023, according to this news organization's analysis of numerous WARN notices that employers have filed with the state Employment Development Department.
Meta Platforms, whose apps include Facebook and Instagram, has reported to state labor officials that it has decided to chop 1,125 jobs in the Bay Area.
These are the details of the most recent layoffs by Meta Platforms and the number of employees affected by the staffing reductions in each city.
Menlo Park, 528 job cuts San Francisco, 311 layoffs Sunnyvale, 169staff reductions Fremont, 117 job cuts
The layoffs by Meta Platforms are slated to take effect on or around July 28, the WARN notices show.
These layoffs appear to be part of a second round of worldwide staffing reductions that Meta Platforms had foreshadowed in a blog post earlier this year by the company's co-founder and top boss, Mark Zuckerburg.
The two major layoff announcements by Meta Platforms have resulted in three publicly disclosed rounds of employment reductions in the Bay Area. All three rounds of layoffs were slated to occur this year. Some have taken place while others are scheduled to transpire.
Meta Platforms has sketched out decisions to eliminate well over 5,000 jobs in the Bay Area in the wake of the three waves of WARN filings with the EDD, a review of the reports shows.
Still, the staffing reductions by the social network behemoth are far from the only recent revelations of layoffs by tech companies in the Bay Area.
Besides Meta Platforms, here are the details of other recent layoffs involving tech jobs in the Bay Area:
• Enrollease, a software company and unit of Employee Navigator, 25 staffing reductions in San Francisco
• Johnson Matthey Medical Device Components, 65 layoffs in San Jose
• Nuro, a software and robotics company, 252 job cuts in Mountain View
• Lyft, a provider of ridehailing services, 383 staff cutbacks in San Francisco
• Dropbox, a file hosting service, 182 layoffs in San Francisco
During the first five months of 2023, tech companies have revealed decisions to chop slightly more than 14,500 jobs in the Bay Area. That's far above the 10,400 jobs that tech companies eliminated in the Bay Area during all of 2022.
Here are the 10 tech companies that have laid off the greatest number of workers in the Bay Area during all of 2022 and so far in 2023, according to a review of the WARN notices filed during the two years.
Meta Platforms, 5,195 layoffs
Google, 1,608 job cuts Salesforce, 1,151staffing cutbacks
Twitter, 900 layoffs
Cisco Systems, 673job cuts Grocery Delivery E-Services USA (HelloFresh), 611 staffing cutbacks
Lyft, 610 layoffs
Intel, 547 job cuts
Amazon, 524staffing cutbacks
Nuro, 521layoffs
The relentless number of decisions by tech companies to lay off their workers in the Bay Area is having a dismal effect on the job market in the region.
During the first four months of 2023, tech companies have cut a net total of 16,500 jobs in the Bay Area. Tech companies eliminated positions on a net basis in each of those four months.