SAN JOSE — The Bay Space tech business’s jobs sector has nosedived to kick off 2025, a plunge that’s punctuated by layoff plans {that a} San Jose tech firm has simply disclosed.
Over the primary three months of 2025, the Bay Space has misplaced a internet complete of 11,100 tech jobs, in line with seasonally adjusted estimates that Beacon Economics derived from the month-to-month stories relased by the state Employment Improvement Division.
In an unsettling reminder that the tech sector’s difficulties have but to run their course, NetApp has disclosed plans to put off 56 employees in San Jose.
NetApp stated the job cuts in San Jose are slated to take impact on June 28 of this 12 months, the corporate reported in a WARN letter it despatched to the state EDD.
The NetApp staffing reductions come on the heels of warnings by a number of tech business titans that they had been planning wide-ranging job cuts within the coming months or years.
Menlo Park-based Fb app proprietor Meta Platforms, Santa Clara-based chipmaking large Intel, Mountain View-based search titan Google and San Francisco-based cloud companies colossus Salesforce have disclosed their intentions to conduct wide-ranging job cuts as quickly as this 12 months.
The general job losses by the tech business counsel that the business, whose well being is significant to the Bay Space, is weighing down the nine-county area’s total job market to this point in 2025.
The Bay Space misplaced a internet complete of 19,700 jobs over the primary three months of 2025.
Right here is how the Bay Space’s three main tech hubs have fared through the first three months of this 12 months, primarily based on the Beacon estimates derived from the EDD stories:
— The South Bay has misplaced a internet complete of 5,800 tech jobs to this point in 2025.
— The San Francisco-San Mateo area has misplaced 4,600 tech jobs.
— The East Bay has shed 600 tech jobs.
The know-how business boomed through the years of the government-ordered enterprise shutdowns to fight the unfold of the coronavirus.
Tech corporations launched hiring sprees to assist unprecedented demand for tactics to work and be taught remotely because of the big numbers of employees who had been refrained from their workplaces and college students who had been barred from their colleges.
However as a rising variety of folks started to return to their workplaces for in-person work, the demand for distant tech connections started to fade.
Plus, tech corporations not solely dismissed employees within the wake of the overdone hiring binge, however the tech business additionally stampeded into the out of the blue sizzling-hot synthetic intelligence subject, spurring an extra quest for effectivity — and job cuts.
As for the NetApp job cuts, the cloud companies and knowledge storage firm stated its staffing reductions had been anticipated to be everlasting.
Initially Printed: Might 2, 2025 at 8:15 AM PDT
