Tech companies are eyeing layoffs that will eliminate jobs for thousands more workers in the Bay Area, a brutal new round of terminations poised to jolt the owner of the Facebook app, Amazon and Juul Labs.
All told, tech companies have decided to chop 2,564 more Bay Area jobs, according to official notices that the firms sent to the state labor agency.
Facebook owner Meta Platforms is cutting 2,202 jobs in the Bay Area, Amazon is eliminating 263 positions, Juul Labs is chopping 116 jobs and Astra Space is cutting 64 jobs, the WARN letters to the state Employment Development Department show.
This means that since Oct. 1, tech companies have revealed plans to eliminate more than 10,000 jobs in the Bay Area, waves of cost-cutting that could undermine the region’s employment sector.
Source: www.mercurynews.com