Tech companies slash hundreds of Bay Area jobs as layoffs worsen
Latest cutbacks are poised to eliminate more than 400 jobs in the region
SANTA CLARA, Calif. — Official state documents show that new waves of layoffs have hit the Bay Area job market after several tech companies revealed plans to cut well over 400 more jobs in the nine-county region.
According to new WARN notices filed with the state Employment Development Department, TTM Technologies, Clari, Wolfspeed, BlackLine Systems, and Robinhood Markets are the latest high-tech companies to disclose job cuts in the Bay Area.
According to the WARN letters sent to the EDD, the following are the details of the most recent tech industry layoffs affecting workers in the Bay Area:
— TTM Technologies, a printed circuit board manufacturer, is laying off 240 workers in Santa Clara.
— Clari, a software company, is laying off 139 people in Sunnyvale.
— Wolfspeed, a manufacturer of silicon carbide used in electric vehicles, renewable energy systems, and the aerospace and defense industries, is laying off 50 workers in Morgan Hill.
— BlackLine Systems, a cloud-based software provider, is eliminating 21 jobs in Pleasanton.
— Robinhood Markets, a financial services technology company, or fintech, is laying off three employees in Menlo Park.
In total, the most recent rounds of layoffs are expected to result in the loss of 453 jobs in the Bay Area.
Tech companies in the Bay Area have announced plans to cut more than 28,300 jobs in 2022 and 2023. So far in 2023, more than 17,900 job cuts have been announced. In 2022, tech companies announced plans to cut over 10,400 jobs in the Bay Area.
