Silicon Valley – Page 5 – California Globe

Silicon Valley Bank Ties to California First Partner Jennifer Newsom

March 12, 2023 10:14 amMarch 13, 2023 6:38 pm

Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation, with the FDIC in charge of liquidation. SVB was one of the largest banks in the country and one of the premier banks of Venture Capital...

State Regulators Shut Down Silicon Valley Bank

March 10, 2023 12:46 pmMarch 10, 2023 12:46 pm

The California Department of Financial Protection and Innovation announced on Friday that the Silicon Valley Bank (SVB) would be shut down with the FDIC in charge of liquidation, officially ending one of the largest banks in the country and one...

Elon Musk, Gov. Newsom Announce Tesla’s New Engineering HQ in California

February 22, 2023 7:02 pmFebruary 22, 2023 7:02 pm

Governor Gavin Newsom and Tesla CEO Elon Musk in a joint announcement Wednesday said that Tesla would be moving their Global Engineering and AI Headquarters back to Palo Alto only 15 months after having the Headquarters officially move to Austin,...

Yahoo, Twilio Lay Off Thousands As Bay Area Tech Cutbacks Continue

February 13, 2023 12:28 pmFebruary 13, 2023 12:29 pm

Cloud Communications software maker Twilio announced on Monday that 17% of their workforce, or roughly 1,500 workers, will be laid off. The layoff, along with the 20% job cut, or almost 1,700 workers, at Yahoo announced during the weekend, became...

PayPal, NetApp Lay Off 3,000 Employees In Latest Silicon Valley Tech Cuts

February 1, 2023 12:19 pmFebruary 1, 2023 12:19 pm

Another round of layoffs at Silicon Valley tech companies happened on Tuesday, with companies such as PayPal and NetApp eliminating several thousand more positions across the Bay Area. Beginning in October of last year, tens of thousands of jobs in...

1,700 Layoffs At SF-Based Stitch Fix Capped off a Rough First Week of 2023

January 6, 2023 12:23 pm

A massive 20% layoff at San Francisco-based fashion tech company Stitch Fix on Friday capped off a rough first week for Bay Area tech companies, as thousands of more tech workers in the area continue the trend started last year...

Salesforce Cuts 10% Of Workforce In Latest Silicon Valley Mass Layoff

January 4, 2023 12:55 pm

Salesforce, one of the largest companies in the Bay Area, announced on Wednesday that another 10% of their workforce, or around 7,000 people, will be let go in the latest round of cuts, continuing the mass Silicon Valley layoff trend...