Cutbacks fueled by hundreds of staffing reductions in February hint at a forbidding year for the crucial industry.
Tech companies have revealed decisions to slash more than 3,900 jobs in the Bay Area so far in 2024, cutbacks fueled by hundreds of staffing reductions in February that hint at a forbidding year for the crucial industry.Salesforce, Snap, Maxar Space and Activision Blizzard are among the high-profile companies that have disclosed plans for job cuts affecting their employees in the Bay Area, according to official filings with the state Employment Development Department .
— Activision Blizzard, 162 job cuts, affecting workers in Novato and San Mateo. The layoffs are due to occur March 30, the video game company reported. — Wayfair, 72 job cuts in Mountain View. The online home goods and home accessories retailer plans to make its cutbacks effective on March 19. — Salesforce, 51 job cuts in San Francisco. The cloud-based software titan is slated to conduct these job cuts on April 23.
After slightly more than five weeks — or about 10% of the 52 weeks in 2024 — the tech layoffs so far this year in the Bay Area equate to 18% of the tech job cuts in the nine-county region for all of 2023, a review of the current pace of WARN notices shows.
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