In a difficult period for the tech industry, Intel, Walmart, Renesas, and Boston Scientific announced plans to cut over 500 jobs in the Bay Area. The layoffs, disclosed in official notices, include significant cuts from Walmart and Intel and extend into the second half of the year, signaling a tough 2025 for local tech employment. The broader impact is evident, as the San Francisco metro area faced significant job losses in recent months, with a net loss of 3,200 tech jobs reported in May alone. This wave of layoffs contributes to ongoing uncertainty in the regional job market.
The tech industry's job losses have contributed to a feeble job market in the Bay Area so far this year.
The layoffs extend what is shaping up as a rough 2025 for the tech industry in the Bay Area.
Walmart is set to cut 381 jobs at three locations in Sunnyvale, reflecting ongoing struggles in the tech sector.
In May, tech employers slashed a net total of 3,200 jobs, indicating significant turmoil in the Bay Area.
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