February 20, 2020

Tech job cuts totaling 1,100 jolt Silicon Valley, East Bay


SAN JOSE — At least eight Bay Area tech companies have alerted the state government of upcoming job cuts that that top 1,000 positions, official documents show.

The tech job cuts are at company locations in Palo Alto, Redwood City, Santa Clara, Livermore, Sunnyvale, Mountain View, and San Francisco, according to filings with the state’s Employment Development Department.

Zume Pizza in Santa Clara and San Francisco, VMWare in Palo Alto, Shutterfly in Redwood City, Intel in Santa Clara, Comcast in Livermore, Xilinx in San Jose, 23andMe in Sunnyvale, and NortonLifeLock in Mountain View have all sent WARN letters to the EDD to officially notify the state agency of the staffing reductions.

An array of positions are affected, and the staff cuts are slated to occur over the next few weeks or months.

Zume cut 252 positions, including 172 in Santa Clara and 80 in San Francisco; VMWare eliminated 211 jobs in Palo Alto; Shutterfly chopped 153 positions in Redwood City; Intel cut 153 jobs in Santa Clara; Comcast eliminated 127 positions in Livermore; Xilinx shed 123 jobs in San Jose; 23andMe cut 84 jobs in Sunnyvale; and NortonLifeLock jettisoned 59 jobs in Mountain View, the EDD filings show.

Despite these employment reductions, the tech sector continues to boom in the Bay Area.

Over the 12 months that ended in mid-2019, tech companies in Silicon Valley added 14,100 jobs, which accounts for a jaw-dropping 49 percent of all the jobs added in the region during the same one-year period, according to the 2020 Silicon Valley Index.

…read more

Source:: The Mercury News – Business

      

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *