As software companies cut hundreds of positions in the most recent square of staffing reductions, there have been extensive wave waves of job cuts at Cisco Systems, which will cause dozens more to be cut in San Jose.
According to an established WARN see the famed technology titan sent to the condition Employment Development Department, Cisco Systems has decided to close another 53 work in the South Bay.
Other software companies that just revealed strategies for layoffs in the Bay Area include Cuberg and , Five9,  , according to this announcement group’s assessment of the condition EDD WARN notices.
According to the WARN papers, the most just disclosed layoffs will result in the dismissal of 353 software industry work in the Bay Area.
The revelations of Cisco’s job reduces arrive on the feet of the software company’s statement that it would slash 7 % of its labor,  , which could amount to a reduction of 5, 900 opportunities worldwide.
According to the state EDD reports, here are some details of the recent layoff disclosures that tech workers in the Bay Area are affected by:
— Cisco, 53 job cuts in San Jose. The networking firm claims that October 18 is the effective date.
— Five9, 33 layoffs, including 30 in San Ramon and three in San Francisco. The software provider stated that the effective date was August 20.
— Cuberg, an advanced battery company, is cutting 196 jobs in San Leandro as part of a permanent closure of its site. The effective date is anticipated for October 19.
— AppLovin, a software firm, decided to jettison 61 jobs in Palo Alto. These reductions occurred Aug. 15.
— Fastly, an Internet and software company, eliminated 52 jobs in San Francisco. On October 11, those cuts are scheduled to occur.
Penumbra, a biotech firm, is cutting 71 jobs in Alameda. These reductions are anticipated for November 1.
Beginning in the first half of 2022, tech companies will start a significant staffing reduction.
In 2022, 2023 and so far in 2024, tech companies have revealed plans to chop slightly more than 46, 000 jobs in the Bay Area.
While tech companies have also hired new employees as they look for new opportunities in fields like green energy, electric vehicles, and artificial intelligence, the layoffs have had a significant impact on hiring.
According to seasonally adjusted estimates released by Beacon Economics and based on the EDD’s monthly reports, the Bay Area lost a net total of 16, 000 jobs over the 12 months that ended in July.
The San Francisco-San Mateo metro area lost an astounding 14, 700 tech jobs during that one-year period
The South Bay lost 4, 300 tech jobs during the one year ending in July, according to the Beacon assessment.
The East Bay managed to add 2, 900 tech jobs, the Beacon estimate determined. Solano County gained 100 tech jobs.
If Cisco continues to disclose plans for staffing reductions, additional tech layoffs might be in the works.
Plus, on Aug. 1,  , Intel disclosed its intention to conduct massive layoffs , that would eliminate 15, 000 jobs worldwide.
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