Silicon Valley – Page 5 – California Globe

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...

Infective Maltruism: From SBF to ZuckBucks, California is at the Forefront of Selfish Charity

January 2, 2023 2:30 amJanuary 1, 2023 4:16 pm

Is charity still charity when it is performed for uncharitable reasons? Looking beyond the “aw, neat, what a great person” façade of “effective altruism,” (see HERE, with a grain of salt…) one clearly finds a level of narcissistic cynicism and...

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...

California Lost Double The Number Of Companies In 2021 Than Previous Year New Report Finds

November 3, 2022 8:37 pmNovember 3, 2022 8:40 pm

According to a new Stanford University Hoover Institution report released on Thursday, the rate at which companies have been leaving California has risen dramatically since 2018, with the 153 company headquarters relocations in 2021, more than doubling the 75 that...