The pace of layoffs at Bay Area technology companies through 2024 is slower than the industry's layoffs during the same period in 2023. This is despite the fact that the number of technology companies continues to expand and reduce their workforce.
Hundreds of Bay Area workers will be transferred to regional technology companies following layoffs at Marvell Semiconductor, Sony Interactive Entertainment, Jabiru Hospital and Kaiser Foundation Hospital, according to a WARN notice filed with the state Employment Development Department (EDD). The company is said to be affected by the latest round of layoffs in the industry. ).
The four organizations announced plans to cut a total of 200 technical jobs through this round of layoffs.
Separately, biotechnology company Exelixis announced its decision to cut 143 jobs in Alameda, where the company is headquartered.
As for the technology industry, here are the details of the latest tech sector layoffs reported to EDD:
- Sony Interactive Entertainment cuts 118 jobs in San Mateo
- Kaiser Foundation Hospital lays off 50 jobs, including 49 information technology jobs in Pleasanton and 1 IT job in Oakland
- Marvell Semiconductor cuts 23 jobs in Santa Clara
- Jabiru lays off 9 people in San Jose as part of site closure
“Kaiser Permanente continually evaluates our operations and services to ensure we are fulfilling our mission of providing high-quality, affordable health care services,” a Kaiser spokesperson said in an email. I stated this in a comment sent via email. silicon valley.
“We have taken steps to reduce costs across our organization, resulting in the elimination of 50 information technology positions in the East Bay,” a Kaiser spokesperson said.
Kaiser's cuts did not involve workers represented by unions.
All employers said their respective job cuts were permanent.
“Sony Interactive Entertainment is undergoing a number of organizational changes,” Sony Interactive senior advisor Amelia Sánchez Moran said in the company's warning letter to EDD. “As a result, we were forced to make some difficult choices that resulted in layoffs at our San Mateo location.”
As a result of the latest round of layoffs, employers have revealed plans to cut approximately 5,600 technical jobs in the Bay Area, based on disclosures from the first two months of 2024, the news organization said in a warning notice. This is shown by the results of a close examination of the
In the first two months of 2023, the tech company announced its intention to cut more than 8,500 jobs in the Bay Area.
(c)2024 Silicon Valley, San Jose, California Distributed by Tribune Content Agency, LLC.
