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SAN FRANCISCO, CALIFORNIA – AUGUST 12: A sign is posted in front of the Lyft Driver Center on August 12, 2020 in San Francisco, California. Lyft posted a 61 percent drop in second-quarter revenue of $339.3 million compared to $867.3 million a year ago. (Photo by Justin Sullivan/Getty Images)
RICHMOND — Hundreds of more Bay Area job cuts have squeezed tech and biotech workers across the region, official government documents show, bringing the tech industry’s layoffs to a new level.
Lyft, Dropbox and Sangamo Therapeutics have announced plans to cut 622 jobs in the Bay Area.
Here is the list of job cuts that the three companies have disclosed in their new filings with the government’s Employment Development Department.
- Elevator, 383 job cuts in San Francisco
- Dismissal, 182 Dismissal in San Francisco
- Sangamo, 57 staff reductions in Richmond and Brisbane.
They plan to cut more than 23,500 jobs in the Bay Area in 2022 and 2023, according to a review of ADD filings by this news organization.
So far by 2023, tech companies have announced their intention to cut at least 13,100 jobs in the Bay Area. This year’s five-month total surpassed the 10,457 deals announced by tech companies in 2022.
Ahead of the recently announced job cuts, here are other significant job openings reported by tech companies to EDD along with the number of layoffs the companies are planning in the Bay Area:
- Facebook app owner Meta Platforms, 1,506 layoffs in Menlo Park, Sunnyvale, Fremont, Burlingame and San Francisco.
- Accenture, 75 job cuts in San Jose
- Electronic Arts, 65 jobs in Redwood City
- Cloud Software Group, 57 layoffs in Santa Clara
- Intel, 57 deductions in Santa Clara
Several tech companies have announced plans for several rounds of job cuts in the Bay Area, and some have hinted that more layoffs are in the works.
Lyft plans to lay off 610 jobs in 2022, including a reported 227 in 2023 and 383 so far.
MetaPlatforms announced plans to cut a total of 4,070 job losses in the Bay Area. These include recent cuts of 2,564 jobs in 2022 and 1,506 workers in 2023 to date.
The resignation of the regional EDD has started to be implemented in the monthly employment reports released by the regional authorities.
In the first three months of 2023, tech companies cut a total of 16,300 jobs in the Bay Area, according to a Beacon Economics review of official EDD reports.
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