RICHMOND — A whole bunch extra Bay Space job cuts have jolted tech and biotech employees within the area, official state filings present — staffing reductions which have shoved whole tech trade layoffs past a forbidding new milestone.
Lyft, Dropbox and Sangamo Therapeutics have revealed plans to cut a mixed 622 jobs within the Bay Space.
Listed below are the small print of the places for the layoffs the three corporations have revealed in new filings with the state Employment Growth Division (EDD):
- Lyft, 383 job cuts in San Francisco
- Dropbox, 182 layoffs in San Francisco
- Sangamo, 57 staffing reductions in Richmond and Brisbane
With the latest layoffs, tech corporations have revealed plans to cut greater than 23,500 jobs within the Bay Space throughout 2022 and 2023, this information group’s evaluate of the EDD filings exhibits.
Thus far in 2023, tech corporations have disclosed their intentions to slash no less than 13,100 jobs within the Bay Space. The five-month whole for this 12 months already exceeds the ten,457 layoffs revealed by tech corporations throughout all of 2022.
Previous to essentially the most not too long ago disclosed job cuts, listed below are different important layoffs reported to the EDD by tech corporations, together with the variety of staffing reductions the corporations are planning within the Bay Space:
- Fb app proprietor Meta Platforms, 1,506 layoffs in Menlo Park, Sunnyvale, Fremont, Burlingame and San Francisco
- Accenture, 75 job cuts in San Jose
- Digital Arts, 65 job cuts in Redwood Metropolis
- Cloud Software program Group, 57 staffing reductions in Santa Clara
- Intel, 57 layoffs in Santa Clara
A number of tech corporations have disclosed plans for a number of rounds of job cuts within the Bay Space, and a few have hinted that much more staffing reductions are within the works.
Lyft has revealed plans for 610 layoffs, consisting of 227 reported in 2022 and the current 383 to date in 2023.
Meta Platforms has disclosed its intentions for job cuts within the Bay Space totaling 4,070 misplaced positions. These consist of two,564 job cuts in 2022 and the latest layoffs of 1,506 employees to date in 2023.
The layoffs reported to the state EDD are beginning to materialize within the month-to-month employment reviews launched by state officers.
Through the first three months of 2023, tech corporations decreased staffing by a web whole of 16,300 jobs within the Bay Space, in accordance with a Beacon Economics evaluation of the official EDD reviews.