Tech industry jobs and layoff woes jolt Bay Area to kick off 2025
Published in Business News
SAN JOSE, California — The Bay Area tech industry’s jobs sector has nosedived to kick off 2025, a plunge punctuated by layoff plans recently disclosed by a San Jose company.
Set to take effect on June 28, NetApp disclosed plans to lay off 56 workers in San Jose, the company reported in a WARN letter it sent to the state Employment Development Department. The company said its staffing reductions were expected to be permanent.
The NetApp losses come on the heels of warnings by multiple tech companies that have announced plans for wide-ranging cuts in the coming months or years.
Over the first three months of 2025, the Bay Area has lost a net total of 11,100 tech jobs, according to seasonally adjusted estimates that Beacon Economics derived from the monthly reports released by the Employment Development Department.
Menlo Park-based Meta Platforms, Santa Clara-based chipmaking giant Intel, Mountain View-based Google and San Francisco-based Salesforce have already disclosed intentions to conduct wide-ranging cuts as soon as this year.
Overall job losses by the tech industry could be weighing down the nine-county region’s market in 2025, with a total loss of 19,700 jobs over the first three months. The tech cuts account for 56% of the jobs the region has shed so far this year, this news organization’s assessment of Beacon and state EDD figures shows.
Here is how the Bay Area’s three major tech hubs have fared during the first three months of this year, based on the Beacon estimates derived from the EDD reports:
— The South Bay has lost a net total of 5,800 jobs.
— The San Francisco-San Mateo region has lost 4,600 jobs.
— The East Bay has shed 600 jobs.
After tech companies launched hiring sprees to support unprecedented demand for ways to work and learn remotely during the COVID-19 pandemic, demand for remote connections began to fade. That, together with a quest for efficiency in the push for more uses of artificial intelligence, has partly led to more job cuts.
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