Salesforce, San Francisco's largest private employer, announced Jan. 4 that it will cut about 10 percent of its nearly 80,000-person workforce.

Tech Layoffs: Timeline Exhibits Greatest Job Cuts Affecting SF Bay Space

Mass layoffs have been rampant within the tech business in current months because the labor market now faces a big contraction after years of over-hiring in the course of the pandemic.

In line with Layoffs.FYI, greater than 220,000 individuals have been laid off worldwide since October, with dire penalties for a lot of, together with migrant staff. The Bay Space, particularly, has been hit onerous as Meta, Google, Twitter and different tech firms primarily based within the space have compelled about 100,000 individuals out of their jobs.

The next timeline exhibits when main tech firms introduced cuts that affected giant numbers of Bay Space staff, in addition to vital layoffs introduced by firms primarily based within the space. Notable omissions embrace Amazon, Microsoft, Dell and different layoff bulletins with little influence on the Bay Space.

March 14: Meta

Complete: 21,000 staff | Bay Space: Unknown

Meta has introduced it’s going to lower an extra 10,000 staff in one other main downsizing for one of many Bay Areas largest employers.

With 21,000 complete layoffs since final November, the Menlo Park-based firm has made probably the most cuts of any tech firm in the course of the pandemic, now outpacing Amazon’s cuts of about 18,000.

The layoffs come within the wake of the promoting downturn and a expensive guess on the metaverse that has value the social networking firm billions of {dollars}.

February 13: Twilio

Complete: 1,500 staff | Bay Space: Unknown

The cloud communications firm advised its staff it deliberate to put off 17 p.c of its workforce, about 1,500 of the almost 9,000 staff the corporate stated it had as of September final 12 months.

Over the previous 15 years, we have led Twilio for development, constructing an enormous buyer base, product suite, and income base. However environments change and so should we, CEO Jeff Lawson stated in a word posted on the corporate’s web site. The layoffs come after Lawson advised staff final September that the corporate would lower 11 p.c of its workforce as a part of an ongoing drive for profitability.

February 7: Zoom

Complete: 1,300 staff | Bay Space: Unknown

The San Jose-based video conferencing software program firm, which has change into ubiquitous in the course of the pandemic, introduced it’s going to lay off 1,300 staff, or about 15 p.c of its workforce.

In a message to staff posted on the corporate’s web site, CEO Eric Yuan stated, like many different tech firms, Zoom has been staffing up in the course of the pandemic to satisfy rising demand for its providers, which has tripled in dimension. .

Not like different tech CEOs who’ve lately introduced giant rounds of layoffs whereas taking duty for cuts, Yuan stated he and his govt workforce will lower their very own salaries for the present fiscal 12 months.

January 31: PayPal

Complete: 2,000 staff | Bay space: 319

The San Jose digital funds firm has introduced a deliberate layoff of two,000 staff, which is about 7% of the corporate’s workforce.

The cuts had been introduced the identical day that San Jose-based cloud software program firm NetApp stated it will lower 8 p.c of its workforce, whereas CEOs of Pleasanton software program firm WorkDay stated in a securities submitting that 3 p.c of its staff would lose jobs.

PayPal CEO Dan Schulman advised staff in a memo that the job cuts would take impact within the coming weeks and promised beneficiant severance packages, amongst different advantages.

Whereas we’ve got made vital progress in getting our value construction proper and targeted our sources on our key strategic priorities, we’ve got extra work to do, Schulman wrote.

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