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Bay Area Tech Firms Laying Off 1,200 Workers By Memorial Day (mercurynews.com)

Posted by msmash on from the up-next dept.

McGruber writes: SAP, Oracle America, PayPal, Instacart, Thin Film Electronics and other technology companies will cut about 1,200 jobs in the Bay Area between now and Memorial Day. According to WARN notices filed with California state labor officials, SAP will eliminate 446 jobs: 179 in Palo Alto, 173 in San Ramon and 94 in South San Francisco; while Oracle intends to cut 352 positions: 255 in Redwood City and 97 in Santa Clara. PayPal plans to reduce staffing levels by 183 jobs: 160 in San Jose and 23 in San Francisco. The South Bay job cuts are slated to occur at the e-commerce titan's offices on North First Street in San Jose. Thin Film Electronics has issued an alert of 54 upcoming job cuts in San Jose. Instacart, an e-commerce unicorn that offers a web-based same-day grocery delivery service, intends to eliminate 162 jobs: 86 positions in San Francisco, 41 in San Mateo, 15 in Oakland, 13 in Berkeley and seven in Campbell. For SAP, Oracle and PayPal, the majority of the employment reductions will be in software jobs.

6 of 117 comments (clear)

  1. Is that a lot? by timeOday · · Score: 5, Insightful

    There seems to be growing concern that a recession is coming. But what do we even do with this one little tidbit of information about layoffs without even knowing how it compares to average, represents firms in the area in general, and so on?

  2. Just wait for it by Anonymous Coward · · Score: 5, Insightful

    In a few months, they'll be lobbying for more H-1Bs claiming they are short on tech workers.

  3. How many are hiring? by tomhath · · Score: 3, Insightful

    Layoffs are only half of the equation. Looks like there are more people being hired than being laid off.

  4. Re:I've read the individual stories by RickyShade · · Score: 2, Insightful

    Hey bud. Nuke your sig.

  5. Re:Or it could be those companies suck by Matheus · · Score: 2, Insightful

    Yeah.. for Oracle and SAP and to a lesser degree PayPal these layoffs are rounding errors.. SAP has 97K employees Oracle has 137K.. 446/96498 = 0.46%; 352/137000 = 0.26%. Being laid off is definitely meaningful to the employEE but those are meaningless numbers for the employER in this case. PayPal gets up to a whopping 1% with 183/18700.

    The other companies those numbers are WAY more meaningful like.. are they going out of business? If the numbers I'm finding are accurate Instacart is dumping like half of their staff so.. writing's on the wall unless they pivot *hard.

    Our industry still has a shortage of engineers in most markets so, with the possible qualification that these people may need to leave the valley, they should have NO trouble finding work.

  6. Re:Aren't you guys tired? by nwaack · · Score: 1, Insightful

    MORON!!! You must've been dropped on your head a lot as a child. The bay area is pretty much the exact opposite of everything Trump stands for.