Driveway to an SAP office and lab complex at 3410 Hillview Avenue in Palo Alto, 2019.
PALO ALTO — Tech companies have revealed plans to cut about 400 more Bay Area jobs, new waves of cuts that bring the region’s current crop of tech and biotech layoffs to a grim 20,000.
SAP America, Twilio and ContextLogic are among the technology companies that have announced recently revealed plans to significantly reduce their workforces.
With the latest WARN reports to the state employment agency, tech and biotech companies have made or are planning Bay Area layoffs that will cut at least 20,000 jobs, according to the survey. this news organization on notifications.
The most recent layoffs reported by SAP America, Twilio and ContextLogic will affect tech workers in Palo Alto, San Francisco and San Ramon, according to new documents filed with the state’s Employment Development Department (EDD). .
In total, the three companies announced their decision to cut 430 jobs combined, according to WARN notices to EDD officials.
Here are the details of some of the most recent layoffs filed with EDD that will trigger tech job cuts in the Bay Area:
- SAP cuts 224 jobs. These include the loss of 159 jobs in Palo Alto and 65 jobs in San Ramon.
- Twilio cuts 159 jobs in San Francisco.
- ContextLogic is cutting 47 jobs in San Francisco.
SAP cutbacks affect sites where the company has a significant number of software employees.
Several years ago, SAP launched a high-level research and innovation center in San Ramon with the goal of harnessing the technology talents of the East Bay and San Joaquin Valley.
Twilio, SAP and ContextLogic all described their job cuts as permanent layoffs.
These are the tech or biotech companies with the 10 largest layoff events affecting workers in the Bay Area, ranked by the number of layoffs they reported to EDD:
- Meta Platforms (owner of Facebook), 2,564 layoffs in Menlo Park, San Francisco, Fremont, Sunnyvale and Burlingame
- Google, 1,608 job cuts in Mountain View, Moffett Field, San Bruno and Palo Alto
- Salesforce, 1,010 terminations in San Francisco
- Cepheid, 925 layoffs in Newark and Sunnyvale
- Twitter, 900 job cuts in San Francisco and San Jose
- Invitee, 736 terminations in San Francisco
- Cisco Systems, 673 job cuts in San Jose, Milpitas and San Francisco
- Grocery Delivery E-Services USA (HelloFresh), 611 layoffs in Richmond
- Amazon, 524 job cuts in Sunnyvale and San Francisco
- Lam Research, 400 layoffs in Fremont and Livermore
Despite continuing waves of job cuts, the current problem is nowhere near the level of the dot-com meltdown of the early 2000s, according to Russell Hancock, president of San Jose-based Joint Venture Silicon Valley, a group of reflection.
“The pandemic has been a boon for technology,” Hancock said. “During COVID, technology has dramatically increased hiring. Now technology has new demand curves. They need to recalibrate and downsize.
