Tech companies reveal plans to jettison hundreds more Bay Area jobs

Chip industry, circuit board firms are among the latest to chop local jobs

SAN JOSE, Calif. — Tech firms have announced plans to cut hundreds of jobs in the Bay Area, including those in the semiconductor and circuit board industries.

According to public records, Intel, SPT Microtechnologies, and Tempo Automation are among the technology companies that have recently filed layoff notices with the state Employment Development Department (EDD).

According to a review of multiple WARN notices on file with the EDD, the three companies intend to eliminate 351 jobs in the Bay Area.

The following are the details of the planned job cuts, as revealed in the most recent batch of EDD WARN notices:

— Intel is laying off 226 workers in Santa Clara and San Jose. The chipmaker’s layoffs are expected to take effect on or around August 31 of this year. Intel stated that the job cuts were permanent.

— SPT Microtechnologies USA has decided to eliminate 67 jobs at its Hellyer Avenue location in San Jose. The layoffs are permanent, according to the semiconductor equipment manufacturer. The implementation date is November 20, 2023.

— Tempo Automation has laid off 58 people in San Francisco. These layoffs are related to Tempo’s decision to permanently close its San Francisco location. Circuit boards are the specialty of the manufacturing company. The layoffs and closure took place on July 14.

While painful and upsetting for employees, the latest revelations fit into a pattern of a steady slowdown in the pace of layoffs at Bay Area tech firms.

According to this news organization’s compilation of WARN notices filed with the state EDD, tech companies have disclosed plans to eliminate slightly more than 27,000 jobs in the Bay Area during 2022 and the first eight-plus months of 2023.

So far this year, tech companies have announced plans for nearly 16,600 layoffs in the Bay Area, far exceeding the roughly 10,500 job cuts anticipated by the tech sector in this region in 2022.

However, approximately 10,200 layoffs occurred in the first three months of the year, compared to only 5,200 layoffs in the April-June second quarter of 2023.

Tech firms have revealed plans to cut 1,200 jobs in the Bay Area more than halfway through the third quarter, which runs from July to September.

According to a Beacon Economics analysis of the monthly EDD employment report, the tech sector posted a solid gain in jobs during July, indicating that it is regaining its footing after a year of brutal layoffs.

According to the Beacon report, tech companies added 1,800 jobs in July, led by a net increase of 1,000 tech jobs in the South Bay. Companies in the technology sector added 700 jobs in the East Bay and 100 in the San Francisco-San Mateo region.