SAN JOSE — Tech companies have chopped several hundred more jobs in the Bay Area, a fresh round of layoffs that has made January 2024 the worst month for high-tech staffing reductions in this area in a year.
PayPal, ChargePoint, Twitch and Discord are among the tech companies that have recently disclosed plans for job cuts in the Bay Area.
All told, tech companies have disclosed plans for the elimination of a combined 929 jobs of their workers in the Bay Area in the most recent rounds of job cuts, according to official WARN notices filed with the state Employment Development Department.
Here are the details of the latest tech company layoffs and their effects on Bay Area workers. The filings were posted by the EDD on dates ranging from Jan. 25 to Jan. 30:
— PayPal, 311 job cuts in San Jose. The financial technology company, which operates a vast online payment system, said the layoffs began Jan. 30 and would continue through March 31, 2024.
— Twitch Interactive, 218 layoffs in San Francisco. The interactive video streaming service said the layoffs would be effective starting on April 1 of this year.
— Discord, 160 staffing reductions in San Francisco. The social platform that enables instant messaging and other communication through voice calls, video calls, text messaging, and media said its job cuts would occur on Feb. 2.
— Trove Recommerce, 124 layoffs in Brisbane. The online platform for reselling and trade-ins of an array of clothing brands said it will permanently close a warehouse in Brisbane, with job cuts slated to begin on March 1.
— ChargePoint, 116 job cuts in Campbell. The operator of the world’s largest online-supported network of electric vehicle charging stations plans to begin its layoffs on March 11.
The various companies all described their job cuts as permanent, according to the WARN notices sent to the state EDD.
None of the employees involved in this latest round of layoffs has the right to displace employees with less seniority, the WARN letters show.
In the first month of 2024, based on the dates when the EDD posted the WARN notices, tech companies have revealed plans to slash 3,540 jobs in the Bay Area, according to this news organization’s compilation of the WARN notices posted by the EDD.
That’s the worst month for tech job cuts in the Bay Area since January 2023, when the industry jettisoned 5,586 jobs in the nine-county region, the EDD WARN notices show.
Ominously, the tech industry job cuts in the Bay Area after just one month in 2024 equate to about one-sixth of the roughly 21,600 tech industry job cuts in the region for all of 2023, the analysis of the WARN notices reveals.
This region’s 21,589 tech layoffs in 2023 greatly exceeded the total for 2022, when tech companies chopped 10,338 jobs in the Bay Area, the review of hundreds of WARN letters and EDD posts shows.