Jobs: California unemployment claims show big drop — but Silicon Valley tech, hotel firms prep layoffs
https://www.eastbaytimes.com/2020/12/03/jobs-california-unemployment-claims-silicon-valley-layoff-tech-hotel/
SAN JOSE — Unemployment claims in California fell to their lowest levels since coronavirus-linked business shutdowns began — but Silicon Valley tech companies and at least one big services firm that caters to the tech sector have prepped new layoffs.
In November alone, Hitachi Vantara, Boston Scientific, Marvell Semiconductor, and PayPal have revealed plans for job cuts for their operations in Silicon Valley, according to official state filings.