Tech and biotech companies have begun to reveal plans for multiple rounds of job cuts in the Bay Area, disquieting disclosures that suggest the current layoff surges will be ongoing.
The unsettling news came to light after Microsoft reported it would cut 62 jobs in Mountain View, layoffs that were effective on Feb. 9 and marked the second time the tech titan filed layoff notices with the state’s labor agency.
Since July 2022, at least eight tech or biotech companies have notified the state Employment Development Department of plans for multiple layoff rounds.
