In Santa Cruz —
Following Intel’s announcement that it will be cutting thousands of positions globally, new rounds of layoffs in the Bay Area have begun, marking the first local workforce cutbacks to take effect.
Intel has informed the state’s labor office through official WARN letters that it intends to lay off 54 workers across various Bay Area locations, all of which are located in Santa Clara.
According to the WARN notice that is on file with the EDD, Intel laid off workers at their Mission College Boulevard headquarters as well as at three other locations in Santa Clara.
The renowned Silicon Valley pioneer had “disappointing” results for the second quarter of 2019 (April–June), which led to a reorganization that Intel announced in early August, which included the elimination of 15,000 jobs globally.
“Our second quarter financial performance was disappointing, even as we hit key product and process technology milestones,” commented Intel CEO Pat Gelsinger. “Trends in the second half are more difficult than we had anticipated.”
Intel has reportedly eliminated over 1,100 positions in the Bay Area throughout many job-cutting events in 2023 and 2024, as revealed by this news organization’s examination of the company’s WARN letters submitted to the state EDD.
During the height of the tech sector’s personnel cuts in response to the coronavirus in 2022, 2023, and thus far in 2024, the following ten companies have eliminated the most Bay Area jobs:
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Five thousand and one layoffs in Menlo Park, San Francisco, Burlingame, Sunnyvale, and Fremont were announced by Meta Platforms, the owner of the Facebook app.
— In the San Mateo, Fremont, and Palo Alto areas, Tesla laid off 3,652 workers.
— Mountain View, Moffett Field, San Bruno, Palo Alto, Sunnyvale, and San Francisco all had 2,507 layoffs at Google.
There were 1,807 layoffs at Cisco Systems in the San Jose, San Francisco, and Milpitas areas.
– Palo Alto, 1267 laid off workers at Broadcom.
— 1,202 layoffs at Salesforce in the San Francisco area.
There were 1,118 layoffs at Intel locations in San Jose and Santa Clara.
900 people in San Jose and San Francisco lost their jobs at Twitter (now X).
– 772 San Jose employees laid off by PayPal.
711 LinkedIn employees in the San Francisco, Mountain View, and Sunnyvale areas were let go.
As the IT industry tries to position itself for future opportunities like AI while laying off workers in less promising endeavors, it has become a drag on the region’s job market.
Despite a downturn in the tech sector, the Bay Area has added jobs in the last year.
According to the EDD, 32,300 jobs were added to the Bay Area workforce in the 12 months ending in July.
Beacon Economics estimated from the EDD’s seasonally adjusted numbers that tech companies cut a net total of 16,000 jobs in the Bay Area during the 12 months that ended in July. This is in stark contrast to other regions.
