Bay Area Losing Hundreds More Tech Jobs as Region’s Cutbacks Persist

Fresh waves of layoffs are poised to eliminate the jobs of several hundred tech workers in the Bay Area, a disquieting series of setbacks that suggest the sector’s staffing reductions have yet to run their course.

Amazon, Dropbox, GoPro, Article and Visa are slated to eliminate more than 400 jobs, according to this news organization’s compilation of official WARN letters that several companies have sent to the Employment Development Department. Here are details about the most recent disclosures:

• Dropbox, a provider of cloud-based file storage, plans 174 job cuts in San Francisco. The staff cuts are due to occur Nov. 15.
• Visa, an electronic and online card payment firm, revealed 91 layoffs in San Francisco and Foster City. The downsizing is scheduled for Jan. 3.
• GoPro, a provider of action cameras, video-editing software and mobile apps, disclosed 73 staffing reductions in San Mateo. The layoffs are slated to occur Friday.
• Amazon, an electronic commerce behemoth, plans 57 job cuts in Milpitas. The cuts are scheduled for Dec. 27.
• Article, an online furniture company, revealed 14 layoffs in Hayward. The layoffs are due to occur Dec. 31.

All told, these companies have notified the EDD of their decision to chop a combined 409 tech jobs in the Bay Area in the recent WARN notices.

In 2022, 2023 and 2024, tech companies have revealed plans to slash more than 48,900 jobs, according to this news organization’s compilation of hundreds of WARN notices. The tech industry has orchestrated job cuts at elevated levels after the sector’s pandemic-linked hiring binge began to fade away.

Despite the latest job cuts, the tech industry’s massive Bay Area layoffs are starting to slow noticeably. During the first six months of 2024, tech companies disclosed plans to slash more than 13,000 jobs in the Bay Area, an average of about 500 a week.

However, over the final six months of 2024, and including the latest batch of job cut disclosures, tech companies have revealed decisions to cut about 4,000 jobs in the region, an average of 220 a week.

(c)2024 Silicon Valley, San Jose. Distributed by Tribune Content Agency, LLC.