SAN JOSE — Tech companies have revealed plans to jettison hundreds more Bay Area jobs, including layoffs in the semiconductor and circuit board sectors.
Intel, SPT Microelectronics and Tempo Automation are among the tech companies that have filed layoff notices with the state Employment Development Department, public documents show.
Together, the three companies intend to eliminate 351 jobs in the Bay Area, according to this news organization’s review of multiple WARN notices on file with the EDD.
Here are the details of the job cuts being planned as revealed in the latest batch of EDD WARN notices:
— Intel is cutting 226 jobs at locations in Santa Clara and San Jose. The chipmaking titan says its layoffs are slated to become effective on or around Aug. 31 of this year. Intel described the job cuts as permanent.
— SPT Microtechnologies USA has decided to ax 67 jobs in San Jose at a site on Hellyer Avenue. The layoffs are permanent, the maker of semiconductor equipment stated. The effective date is Nov. 20, 2023.
— Tempo Automation has chopped 58 jobs in San Francisco. These staffing eliminations are linked to Tempo’s decision to permanently close its San Francisco location. The manufacturing company specializes in circuit boards. The closure and layoffs occurred on July 14.
While painful and wrenching for employees, the latest disclosures fit into a pattern of a steady slowdown in the pace of layoffs for tech companies in the Bay Area.
During 2022 and so far over the first eight-plus months of 2023, tech companies have disclosed plans to eliminate slightly over 27,000 jobs in the Bay Area, this news organization’s compilation of the WARN notices filed with the state EDD shows.
So far this year alone, tech companies have revealed intentions for nearly 16,600 Bay Area layoffs, which is well ahead of the roughly 10,500 job cuts by the tech sector in this region in 2022.
However, about 10,200 layoffs occurred in the first three months of the year, while only 5,200 layoffs occurred in the April-through-June second quarter of 2023.
More than halfway through the July-September third quarter, tech companies have revealed plans to eliminate just 1,200 Bay Area jobs.