Several hundred more tech layoffs jolt Bay Area as brutal 2024 worsens

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, according to official WARN notices and information provided by a corporate source.

Here are the details of the latest round of tech company layoffs and their effects on Bay Area workers:

— PayPal, 311 job cuts in San Jose, according to a company spokesperson.

— Twitch Interactive, 218 layoffs in San Francisco.

— Discord, 160 staffing reductions in San Francisco.

— Trove Recommerce, 124 layoffs in Brisbane.

— ChargePoint, 116 job cuts in Campbell.

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The job cuts were all described as permanent, according to the WARN notices sent to the state Employment Development Department and corporate information.

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.

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, this news organization’s compilation of the EDD-posted WARN notices shows.

Ominously, the tech industry job cuts after just one month in 2024 equate to more than one-third of the roughly 10,300 tech industry job cuts in the region for all of 2023, the analysis of the WARN notices reveals.