Massive tech company layoffs might jeopardize Bay Area jobs rebound: experts

Massive tech company layoffs might jeopardize Bay Area jobs rebound: experts

2 years ago
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https://www.siliconvalley.com/2022/11/09/tech-layoff-jeopardize-bay-area-job-economy-rebound-facebook-twitter/

MENLO PARK — A so-far relentless surge of job cuts in the once-robust tech industry could imperil what has already been a sluggish rebound by the Bay Area’s employment market from coronavirus-linked woes, experts say.

“These tech layoffs could affect other companies,” said Russell Hancock, president of Joint Venture Silicon Valley, a San Jose-based think tank. “A sneeze in the tech sector could mean the flu for the rest of the job market.”

Massive tech company layoffs might jeopardize Bay Area jobs rebound: experts

Nov 10, 2022, 12:26am UTC
https://www.siliconvalley.com/2022/11/09/tech-layoff-jeopardize-bay-area-job-economy-rebound-facebook-twitter/ > MENLO PARK — A so-far relentless surge of job cuts in the once-robust tech industry could imperil what has already been a sluggish rebound by the Bay Area’s employment market from coronavirus-linked woes, experts say. > “These tech layoffs could affect other companies,” said Russell Hancock, president of Joint Venture Silicon Valley, a San Jose-based think tank. “A sneeze in the tech sector could mean the flu for the rest of the job market.”