Intel, SPT Microtechnologies and Tempo Automation are among the tech companies that have recently filed layoff notices with the state Employment Development Department (EDD), public documents show.
Together, the three companies intend to eliminate 351 jobs in the Bay Area, according to this news organization’s review of multiple WARN notices on file with the EDD.
Here are the details of the job cuts being planned as revealed in the latest batch of EDD WARN notices:
- Intel is cutting 226 jobs at locations in Santa Clara and San Jose. The chipmaking titan says its layoffs are slated to become effective on or around Aug. 31. Intel described the job cuts as permanent.
- SPT Microtechnologies USA has decided to axe 67 jobs in San Jose. The layoffs are permanent, the maker of semiconductor equipment stated. The effective date is Nov. 20.
- Tempo Automation has chopped 58 jobs in San Francisco. These staffing eliminations are linked to Tempo’s decision to permanently close its San Francisco location. The manufacturing company specializes in circuit boards. The closure and layoffs occurred on July 14.
While painful and wrenching for employees, the latest disclosures fit into a pattern of a steady slowdown in the pace of layoffs for tech companies in the Bay Area. During 2022 and so far over the first eight-plus months of 2023, tech companies have disclosed plans to eliminate slightly over 27,000 jobs in the Bay Area, according to WARN notices filed with EDD.
So far this year alone, tech companies have revealed intentions for nearly 16,600 Bay Area layoffs, which is well ahead of the roughly 10,500 job cuts by the tech sector in this region in 2022.
However, about 10,200 layoffs occurred in the first three months of the year, while only 5,200 layoffs occurred in the second quarter.
More than halfway through the July-September third quarter, tech companies have revealed plans to eliminate just 1,200 Bay Area jobs.
In a further indication that the tech sector is beginning to regain its footing after 12 months of brutal layoffs, the industry posted a sturdy gain in jobs during July, according to a Beacon Economics assessment of the monthly EDD employment report.
Tech companies added 1,800 positions in July, led by a net increase of 1,000 tech jobs in the South Bay, the Beacon assessment shows. Tech companies added 700 jobs in the East Bay and 100 in the San Francisco-San Mateo region.
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