Tech and biotech companies have revealed plans recently for enough job cuts to erase more than 6,000 jobs in the Bay Area, cutbacks that could weigh on the region’s economy in the weeks and months to come.
Job cuts affecting thousands of workers in the Bay Area have been submitted to California labor officials starting in early October, according to this news organization’s analysis of WARN letters and posts on the state Employment Development site.
“Tech layoffs are happening, the people who are affected, their lives are being disrupted,” said Russell Hancock, president of Joint Venture Silicon Valley, a San Jose-based think tank. “In some cases, it may mean that they will be deported.”
