Tech and biotech layoffs have worsened in the Bay Area, marking a fresh round of cutbacks in the region.
Tech and biotech layoffs have worsened in the Bay Area, a fresh round of cutbacks resulting from job cuts at tech titan Microsoft and genetic testing firm Natera, according to official state government filings.Microsoft revealed plans to eliminate 56 positions in Mountain View and San Jose.With the most recently reported layoffs, it’s become clear that multiple rounds of job cuts have become a more common phenomenon.
Both Microsoft and Natera have already filed WARN notices with the state EDD announcing prior layoff events in the Bay Area. Starting in July 2022, tech and biotech companies have revealed plans to cut at least 23,500 jobs in the Bay Area. Some of the cutbacks have occurred while others have yet to take place.
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