FREMONT — Six tech companies, including software and hardware firms, have revealed plans to slash more than 1,200 Bay Area jobs, marking a fresh wave of cutbacks, new state government filings show.
Lam Research, Salesforce, Workday, Splunk, NetApp and Autodesk have disclosed their intentions to eliminate about 1,237 jobs at an array of Bay Area locations, WARN notices on file with the state Employment Development Department show.
Here’s how many jobs are being eliminated by each company involved, and the locations of the cutbacks, according to the WARN notices:
- Lam Research is cutting 400 jobs in the East Bay. These are roughly equally split into 200 layoffs in Fremont and 200 staffing reductions in Livermore.
- Salesforce is cutting 258 jobs in San Francisco. These are on top of the company’s prior revelation of 752 terminations, also in San Francisco.
- Workday is eliminating 196 jobs in Pleasanton.
- Splunk is cutting 174 positions, including 73 in San Jose, 67 in San Francisco and 34 remote positions.
- NetApp is eliminating 148 jobs in San Jose.
- Autodesk is laying off 61 workers in San Francisco.
A slew of tech and biotech companies have disclosed plans to eliminate a huge number of jobs in the Bay Area and nationwide.
Facebook app owner Meta Platforms, Google, Twitter, Salesforce, Cisco Systems, Amazon, Doordash, Intel, Oracle America and Tesla are among the high-profile tech or biotech firms that have unveiled plans for job cuts.
The effects and timing of the ongoing layoffs in the tech and biotech sectors could affect the Bay Area job market for months to come, details in the new WARN notices indicate.
Lam Research aims to begin its job cuts on April 3 and have them completed within a 30-day period, the Fremont-based maker of equipment to produce semiconductors said.
NetApp, a San Jose-based cloud services and data management company, intends to conduct its layoffs from April 1 through April 5.
Autodesk is eyeing April 3 and April 9 as the dates for the San Francisco-based software company’s job cuts.
Salesforce intends to undertake its latest bout of layoffs around April 24, the cloud-based software firm said.
Splunk said its layoffs will occur on a “rolling” basis, saying that April 3 was the targeted start of the software company’s job cuts.
Workday, which provides cloud-based software for human capital management and financial services, said it planned to begin its first layoffs on April 3.
Ominously, the latest staffing reductions show that multiple tech companies are now conducting their second round of layoffs since the industry’s job cuts began their eruption in early October 2022.
Salesforce, Amazon and Intel are among the tech titans that have disclosed follow-up waves of staffing reductions, a review of company WARN notices shows.
In the most recent round of layoffs, all six tech companies described the job cuts as permanent.
At least one company, Lam Research, noted that the timing of the layoffs might give employees a chance to land new jobs.
Lam Research said that all 400 of the employees that are being affected by layoffs will receive at least 60 days’ advance notice that their jobs are being terminated, Melissa Marks, director of HR, employee relations and labor relations at the tech company, said in the WARN letter.
“In most instances, employees will not be expected to work full-time for the 60-day notice period and will have the notice period to seek out new employment opportunities,” Marks stated in Lam Research’s WARN notice. “The company will be providing job search assistance to the impacted employees, provided the employees accept the severance package offered.”
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
