SAN JOSE, California — The wobbly Bay Area tech sector may be starting to stabilize after 18 brutal months of layoff announcements that revealed plans to chop more than 25,000 tech jobs in the nine-county region.
Tech companies continue to disclose plans for layoffs as the industry proceeds with a wrenching restructuring, even as the economic blows wrought by the coronavirus fade away and remote work ebbs.
Case in point: At the end of May, Facebook owner Meta Platforms revealed it would jettison slightly over 1,100 jobs in Menlo Park, San Francisco, Sunnyvale and Fremont. Other layoffs were announced in June and July.
