Recently, over 400 jobs were cut across three major tech firms in the Bay Area, indicating the ongoing challenges the industry faces. LinkedIn led with 270 job cuts, followed by Chegg's 88 in Santa Clara and Hewlett Packard Enterprise's 61 in San Jose. All these layoffs were marked as permanent and came amidst a sluggish hiring climate, evidenced by only 200 new jobs added in April. This wave of layoffs is a concerning signal of the industry's employment struggles and suggests that further cutbacks may follow.
Tech companies in the Bay Area are significantly downsizing, with over 400 job cuts announced, indicating a troubling trend for the industry's employment landscape.
LinkedIn, Chegg, and Hewlett Packard Enterprise have confirmed plans to lay off employees in the Bay Area, with layoffs seen as permanent.
The job cuts come at a challenging time for the Bay Area tech industry, which added only 200 jobs in April, revealing hiring struggles.
The WARN letters filed by these firms signal a broader concern regarding the continued downsizing of the tech workforce in the region.
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