Hundreds of tech, biotech layoffs hit Bay Area: Lyft, Dropbox, Sangamo

Hundreds of tech, biotech layoffs hit Bay Area: Lyft, Dropbox, Sangamo

RICHMOND — Hundreds more Bay Area job cuts have jolted tech and biotech workers in the region, official state filings show, layoffs that have shoved tech industry layoffs beyond a forbidding new milestone.

Lyft, Dropbox and Sangamo Therapeutics have revealed plans to chop a combined 622 jobs in the Bay Area.

Here are the details of the job cuts locations for the layoffs that the three companies have revealed in the new filings with the state Employment Development Department:

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So far in 2023, tech companies have disclosed their intentions to slash at least 13,100 jobs in the Bay Area. The five-month total for this year already exceeds the 10,457 layoffs revealed by tech companies during all of 2022.

Prior to the most recently disclosed job cuts, here are the most recent layoffs reported to the EDD by tech companies and the number of staffing reductions they are planning in the Bay Area:

Several tech companies have disclosed plans for multiple rounds of job cuts in the Bay Area, and some have hinted that even more staffing reductions are in the works.

Lyft has revealed plans for 610 layoffs, consisting of 227 reported in 2022 and the recent 383 so far in 2023.

Meta Platforms has disclosed its intentions for job cuts in the Bay Area totaling 4,070 lost positions. These consist of 2,564 job cuts in 2022 and the most recent layoffs of 1,506 workers so far in 2023.

The layoffs reported to the state EDD are starting to materialize in the monthly employment reports released by state officials.

During the first three months of 2023, tech companies have reduced staffing by a net total of 16,300 jobs in the Bay Area, according to a Beacon Economics assessment of the official EDD reports.

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