2023 recession worries – California Globe

Unity Gaming Company Announces Mass Layoff of 1,800 In San Francisco

January 9, 2024 2:30 amJanuary 9, 2024 2:31 am

Unity, a San Francisco video game company specializing in game engines, let go 1,800 employees on Monday, becoming the Bay Area’s first major mass layoff a little more than a week into 2024. In the last few years, San Francisco...

Newest Mass Layoffs Strike San Francisco: Over 2,000 Jobs Lost At Gap, Dropbox

April 27, 2023 12:30 pmApril 27, 2023 3:23 pm

Two major San Francisco-based companies announced mass layoffs on Thursday, with Gap announcing that 1,800 corporate positions will be cut and Dropbox announcing that 16% of all employees, or around 500 people, will be let go. Beginning in October of...

Meta Announces 10,000 More Job Cuts In Second Round Of Layoffs

March 14, 2023 1:05 pmMarch 14, 2023 1:05 pm

Meta, the Menlo Park-based parent company of social media sites Facebook, Instagram, and WhatsApp, announced on Tuesday that they would be laying off another 10,000 employees this Spring, marking the second round of large layoffs by the social media company...

Intel Announces 200 Layoffs Coming Continuing Mass Silicon Valley Tech Cutbacks

December 6, 2022 12:56 pm

Mass tech layoffs that began in late October continued across Silicon Valley on Tuesday, with tech company Intel announcing 201 job layoffs in Santa Clara and Folsom. The trend of layoffs began just over a month ago when Twitter, shortly...

Menlo Park-Based Meta Lets Go Over 11,000 Employees In Latest Silicon Valley Mass Layoff

November 10, 2022 12:36 pm

Meta, the Menlo Park-based parent company of social media sites such as Facebook, Instagram, and WhatsApp, laid off 13% of their employees, or over 11,000, on Thursday, continuing the stark trend of cutbacks at Bay Area and Silicon Valley tech...

Twitter, Lyft, Other Tech Companies Layoff Thousands In Less Than 48 Hours

November 4, 2022 6:13 pm

Due to massive revenue drops, anticipation of a recession next year, a rise in costs, a high number of $100,000+ salaries, among other factors, Silicon Valley companies including Twitter, Lyft, and Stripe have cut thousands of jobs in only the...