While layoffs pile up at some of Silicon Valley’s largest employers, Muddu Sudhakar is working his way through a pile of resumes.
Up the highway in Redwood City, Calif., the nearly 500 employees at C3.ai Inc. AI fill three floors of an office tower. It takes a lap around the expansive parking lot to find a space. “We’ve grown quickly but in a controlled and purposeful manner,” Mishra told MarketWatch, citing a tripling of sales year over year and $336.7 million in funding from the likes of U.S. Venture Partners and Softbank Vision Fund 2. platform.)
More than 50,000 tech workers lost their jobs in November alone, raising the year’s total to more than 150,000, according to data collected by the website Layoffs.fyi. The San Francisco Bay Area, home of Silicon Valley, was particularly hard hit: Some 47,000 people were let go from 252 tech companies in 2022.
Dan O’Shaughnessy, chief financial officer at 3-D printing company Formlabs, said the Boston-area company increased its workforce to 850 from 700 last year based on a measured approach to growth and on its appeal to customers seeking to print scarce component parts.