So as murmurs of the second dot-com bubble bursting grow louder, the Bay Area’s dominant industry is taking notice — and its most visible players are cutting back. Many of San Francisco’s and Silicon Valley’s tech companies — ranging from flagship social media brands to nascent startups — are struggling. Brands that had hiring booms in the past two years now face mass layoffs, while even industry titans are grappling with stagnated growth and stalled hiring. Here is a list of San Francisco and Silicon Valley tech companies that have halted hiring. This list may be updated. Facebook Uber Coinbase Twitter https://www.sfgate.com/bayarea/article/biggest-tech-companies-pause-hiring-17185591.php?IPID=SFGate-HP-CP-Spotlight
Cisco's huge layoff round slams Bay Area offices, more than 800 workers cut When the San Jose tech giant first shared news of the cuts, alongside its $10.3 billion yearly profit, the company said it’d be slashing 7% of its huge workforce. Per the Sept. 13 WARN filings, which are generally required in the event of mass layoffs, more than 840 of the layoffs are planned for the Bay Area. It’s unclear if these cuts will complete the layoff round.
According to the WARNs, 563 workers assigned to a San Jose office are set to lose their jobs, as well as 145 in Milpitas and 134 in San Francisco. Seventeen vice presidents and five senior vice presidents are on the list, as are slews of directors, managers, analysts and engineers.
Here is a list of San Francisco and Silicon Valley tech companies that have halted hiring. This list may be updated.
Facebook
Uber
Coinbase
Twitter
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