Tech layoffs widen in Bay Area, adding to industry woes in shaky early 2024

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Tech companies revealed plans to chop hundreds more jobs in the Bay Area, while a biotech firm is cutting dozens more positions.

Bill.com logo on the tech company’s office building at 6220 America Center Drive in north San Jose. SAN JOSE — Tech companies revealed plans to chop hundreds more jobs in the Bay Area, while a biotech firm is cutting dozens more positions, worsening an already shaky start for early 2024, state documents show.

Here are the details for the most recent layoffs to affect tech workers in the Bay Area, according to a post on the EDD’s official site. — Spotify USA is slashing 44 positions, all in San Francisco. The cutbacks are scheduled for March 4.Economy |The Bill.com layoffs sketched out in the WARN notice were part of a company-wide downsizing that the tech company announced last month. The WARN notice details for the first time the local impact of the job cuts.

“The company intends to offer severance benefits and transition programs to affected employees,” Lisa Pimentel, Juniper’s HR senior director, stated in the WARN letter sent to the EDD. “It is our hope that these programs will lessen the impact of the mass layoff on individual employees and the community as a whole.

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Tech companies slash more than 3,900 Bay Area jobs in 2024 as layoffs widenCutbacks fueled by hundreds of staffing reductions in February hint at a forbidding year for the crucial industry.
Bron: mercnews - 🏆 88. / 68 Lees verder »