Bay Area loses thousands of jobs in July as tech layoffs jolt economy

Bay Area employers slashed thousands of jobs in July, an unsettling economic setback that suggests the waves of layoffs in the wobbly tech industry have begun to undermine the region’s employment sector.

Last month’s job losses in the Bay Area were spawned by big employment reductions in the South Bay and the San Francisco metro area, a new government report released Friday shows.

The Bay Area lost 3,400 jobs in July, which marked two consecutive months of staffing reductions for the nine-county region, according to figures posted by the U.S. Bureau of Labor Statistics.

The worst of the job losses in the Bay Area last month occurred in the two urban centers with the largest concentration of tech companies.