Post-pandemic layoffs in the tech and biotech sectors continue to widen, and the brutal job losses are set to loom over the region’s economy for months.
Since mid-2022, tech and biotech companies — including giants like Google and Meta Platforms — have revealed plans to slash more than 19,000 jobs across the nine-county Bay Area, according to official state reports reviewed by this news organization. That figure includes cutbacks that have been completed or are slated to occur, in some cases as late as 2024.
Even worse, multiple tech companies, including Intel, in recent days have notified the state Employment Development Department of plans to orchestrate a second round of