Several hundred more tech layoffs jolt Bay Area as brutal 2024 worsens

Published 2:27 pm Thursday, February 1, 2024

SAN JOSE, California — Tech companies have chopped several hundred more jobs in the Bay Area, a fresh round of layoffs that has made January 2024 the worst month for high-tech staffing reductions in this area in a year.

PayPal, ChargePoint, Twitch and Discord are among the tech companies that have recently disclosed plans for job cuts in the Bay Area.

All told, tech companies have disclosed plans for the elimination of a combined 929 jobs in the Bay Area in the most recent rounds of cuts, according to official WARN notices filed with the state Employment Development Department.

Here are the details of the latest tech company layoffs and their effects on Bay Area workers. The filings were posted by the EDD on dates ranging from Jan. 25 to Jan. 30:

  • PayPal, 311 job cuts in San Jose. The financial technology company, which operates a vast online payment system, said the layoffs began Jan. 30 and would continue through March 31.
  • Twitch Interactive, 218 layoffs in San Francisco. The interactive video streaming service said the layoffs would be effective starting April 1 of this year.
  • Discord, 160 staffing reductions in San Francisco. The social platform that enables instant messaging and other communication through voice calls, video calls, text messaging, and media said its job cuts would occur on Feb. 2.
  • Trove Recommerce, 124 layoffs in Brisbane. The online platform for reselling and trade-ins of an array of clothing brands said it will permanently close a warehouse in Brisbane, with job cuts slated to begin on March 1.
  • ChargePoint, 116 job cuts in Campbell. The operator of the world’s largest online-supported network of electric vehicle charging stations plans to begin its layoffs on March 11.

The various companies all described their job cuts as permanent, according to the WARN notices sent to the state EDD.

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