Maxar Space office (2495 Leghorn Street, Mountain View).
The tech company has announced its decision to cut more than 3,900 jobs in the Bay Area by 2024, with hundreds of layoffs in February precipitating the layoffs and this critical It signals a difficult year for the industry.
Salesforce, Snap, Maxar Space and Activision Blizzard are among the high-profile companies that have disclosed layoff plans affecting Bay Area employees, according to official filings with the state Employment Development Department.
All told, tech companies have announced plans to cut 3,950 jobs in the Bay Area in 2024, according to a review by this news organization of WARN notices posted by the state EDD.
Here's a breakdown of technology companies' latest layoff notices and their impact in the Bay Area. All of these layoff disclosures were announced by EDD in February.
— Activision Blizzard cuts 162 jobs, affecting workers in Novato and San Mateo. The video game company said the layoffs are expected to take place on March 30th.
— Flexport lays off 99 people in San Francisco. The job cuts at the web-based logistics company took place on February 5th.
— Octa cuts 83 employees in San Francisco. The cloud software services company will make headcount cuts effective April 4th.
— Wayfair cuts 72 jobs at Mountain View. The online retailer of home goods and accessories will implement the cuts starting March 19th.
— Maxar Space lays off 63 people in Palo Alto and Mountain View. These job cuts were made on February 2, the manufacturer of aerospace systems and technology products reported.
— Snap cuts 52 jobs in Palo Alto. The Snapchat app owner and wearable camera maker said the layoffs were made on February 6.
— Salesforce cuts 51 jobs in San Francisco. The cloud-based software giant plans to implement these job cuts on April 23rd.
— 1 job loss at SMTC, Milpitas. The electronics manufacturing services provider announced that the job cuts will take place on March 22nd.
Combined, these layoffs posted on the EDD site in February resulted in a total of 583 job losses, according to a review of EDD WARN notices.
According to the WARN notice, both companies described their respective job cuts as permanent.
The tech company has announced plans to cut approximately 21,600 jobs in the Bay Area in 2022, according to an EDD WARN notice. This amount is significantly higher than the more than 10,300 Bay Area technology workers laid off in 2022.
