tech industry layoffs – California Globe

Intel Announces 140 More Job Cuts In Latest California Tech Sector Layoffs

August 18, 2023 11:56 amAugust 18, 2023 11:56 am

Mass tech layoffs returned to the Bay Area on Thursday following a relatively calm summer, with Intel announcing that an additional 140 employees are to be let go by the end of the month. Beginning in October of last year,...

San Francisco Office Vacancies Hit New Record – Nearly One-Third are Empty

June 27, 2023 1:11 pmJune 27, 2023 1:11 pm

According to a new study released Tuesday, San Francisco’s office vacancy rate hit a new high of 31.8% in the second quarter of 2023, climbing up from 29.4% earlier this year as the economic situation in San Francisco continues to...

San Francisco Office Vacancy Rates Rise To Nearly 30% In First Quarter 2023

March 28, 2023 3:04 pmMarch 28, 2023 3:06 pm

The office vacancy rate for San Francisco rose to 29.4% during the first quarter of 2023 according to a new study on Tuesday, with the continued pullout of tech firms due to massive downsizing cited as the main reason. Before...