Tech and biotech companies have revealed plans for enough job cuts to erase more than 6,000 jobs in the Bay Area.
Tech and biotech companies have revealed plans recently for enough job cuts to erase more than 6,000 jobs in the Bay Area, cutbacks that could weigh on the region’s economy in the weeks and months to come.
The sobering total since Oct. 1: well over 6,200 jobs affecting tech or biotech workers have been cut or are scheduled to be eliminated at Bay Area locations by sometime in February 2023, the EDD filings show. Here are some primary details of the notable staffing reductions being planned, or recently completed, in the nine-county region by tech and biotech companies.
Of the overall total gained in October, tech companies added 6,300 jobs, or 35.7% — more than one-third — of all the positions that were gained last month, according to this news organization’s analysis of seasonally adjusted figures that Beacon Economics and UC Riverside compiled and provided.
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