Tech layoffs to top 1,000 in Bay Area by late May, state reports show
Tech and web-based companies intend to cut well over 1,000 jobs in the Bay Area between now and Memorial Day, according to new official filings with state labor officials.
SAP, Oracle America, PayPal, Instacart and Thin Film Electronics are among the technology companies that have alerted the state’s Employment Development Department of their intentions to reduce staffing levels.
All told, about 1,200 jobs will be lost through the employment reductions being planned by the five companies, WARN notices filed with the state EDD show.
According to the filing, SAP will eliminate 446 jobs — 179 in Palo Alto, 173 in San Ramon and 94 in South San Francisco.
Read more: https://www.mercurynews.com/2019/03/27/tech-layoffs-to-top-1000-in-bay-area-by-late-may-state-reports-show/