SAN JOSE — Cisco Systems will slash thousands of workers worldwide, a fresh jolt to a shaky Baty Area economy and an unsettling reminder that the region’s tech layoffs have yet to run their course. The legendary tech titan warned that it would chop 7% of its workforce, Cisco stated in a Securities and Exchange … Read more
The Bay Area and California both lost thousands of jobs during February, a disquieting report that raises questions about the strength of the economy in the state and this region. The job losses in the nine-county region and statewide suggest that the hiring boom that began in the final few months of 2023 and extended … Read more
The Bay Area and California experienced sturdy employment gains in January to kick off 2024 — but new data released Friday shows the job market in the nine-county region and statewide was not nearly as strong in 2023 as originally thought. Employers in the Bay Area added 13,600 jobs in January, propelled by big employment … Read more
Sony is cutting 900 jobs from its PlayStation division, the gaming company announced Tuesday, becoming the latest tech giant to lay off part of its workforce. Sony Interactive Entertainment (SIE) President and CEO Jim Ryan announced the layoffs in a Tuesday email to PlayStation workers, saying they represent an 8 percent reduction across the company’s … Read more
SAN JOSE — Silicon Valley’s job boom has hit a pause, and while the region is still adding workers, the pace of hiring in 2023 was markedly slower than what was the case the year before, a new report shows. While hiring is slowing, median housing is on the rise, according to the new Silicon … Read more
SAN JOSE — Cisco Systems, in a fresh bout of layoffs, has revealed plans to slash more than 700 Bay Area tech jobs, an ominous hint that the technology industry’s post-coronavirus economic maladies have yet to abate. The most recent layoffs disclosed by the tech titan will affect Cisco workers in San Jose, Milpitas and … Read more
Major technology companies have cut thousands of jobs since the start of 2024 as the rise of artificial intelligence (AI) and interest rates upend the tech sector. While the U.S. job market remains remarkably strong on the whole, tech companies have cut nearly 40,000 jobs in the first two months of 2024, according to Layoffs.fyi. … Read more
Two years of wrenching tech layoffs have weighed down the Bay Area’s job market in a big way — but experts say the impact has been somewhat mitigated by an industry realignment that’s led to significant hiring even as thousands of positions have been cut. For decades, Silicon Valley has engaged in what tech insiders … Read more
Splunk is headquartered at 270 Brannan Street in San Francisco, California. The firm, which has agreed to an acquisition by Cisco, just announced a second round of layoffs in 2023. Courtesy of Google Streetview Splunk, a large San Francisco-based tech firm in the midst of a sale to Cisco, is laying off hundreds of workers for … Read more