Widening tech, biotech job cuts could jolt broader Bay Area economy: experts

Widening tech, biotech job cuts could jolt broader Bay Area economy: experts

2 years ago
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https://www.siliconvalley.com/2022/11/07/tech-biotech-job-layoff-facebook-twitter-lyft-oracle-bay-area-economy/

Bay Area tech and biotech companies have recently revealed plans to chop thousands of jobs, layoffs that raise the specter that these cutbacks might haunt the region’s broader economy.

Facebook app owner Meta Platforms is the latest Bay Area tech company that’s thought to be mulling massive job cuts, representing a grim follow-up to the staffing reductions already being undertaken by several other tech or biotech companies in the nine-county region.