Tech Layoffs Continue in the Bay Area

Nearly two dozen Bay Area companies have announced layoffs within the past couple of weeks as the whole industry deals with a slowdown in sales and consumer spending. Scott Budman reports.

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[pyrotechnick]

Tech companies in Silicon Valley create products that have made life easier for everyone else in the world, while making things more difficult here for us in the bay area. The influx of tech talent gave every landlord the bright idea to renovate and double their rent. I was paying $750 dollars for a 1BD in 2010 and now the same unit is listed for $2, 200 a month. Even if lots of expensive tech talent leaves, the damage has already been done.

[Seductus]

Don't look at is as a layoff. See it as a permanent shadow ban.

[klosar]

What a shit show in Bay Area with rents…landlord that owns old and rundown garbage place are charging crazy rents and ones with somewhat good property’s are also charging crazy prices..where do we draw a line with rent

[rodneyakjohnson]

Residents are loving it hoping housing prices go down and people move

[rammanohar]

Well done need to get rid of more people

[rodochrous]

Those are the people that've pushed the world to what it is today - I hope they all go under.

[hoapres]

From reboot to construction boots. This is going to be interesting.

[Rivs]

I bet that’s wild feeling walking into work one day and being told you no longer work here. There needs to be a law where if a business layoffs an employee the business has to pays the employee up to three months of compensation.

[RobustArid]

Meta hired 11 thousand india teens and now layoff in tech abroad.

[jgmgreen]

they'll still get pad for a few months more + stock options in most cases.

[hayabusa]

This is a win for the bay area time to get rid of those tech hippies!

[nishantahvan]

If I were in their shoes then my first move will bailout and run away in some far away remote area.

[SOLDOZER]

Joe shuts down XL pipeline, thousands out of jobs: CRICKETS.
Thousands of nurses fired for refusing the jab: CRICKETS

A few Twitter engineers get sacked: CHAOS!!!!

[singlefather]

During the pandemic, the eviction moratorium and pandemic subsidies enabled people to spend money on consumables, cars and electronics. Now the eviction moratorium is over, these people need to pay the rent for a new place or pay the back rent. There is no more money to squander. People are beginning to realize that they can no longer afford to keep the over priced cars that they bought. The withdraw from the free money is going to be painful.

[mefirst]

Maybe tone down those lavish DreamForce conference parties.

[fergman]

The Future of San Francisco...is going to look a lot like Detroit Michigan after the auto industry fell apart. Imagine the drop in Tax dollars coming into the state with the loss of thousands of high paying tech jobs along with increase in crime that will If I owned property in would put a For Sale Sign on it and cross my fingers.

[min-k]

These people will still get paid to January-February time frame, even more for the people who stayed longer in the company.

[jgmgreen]

Real estate will take a major toll as well as folks put their homes up for sale, interest rates increase, and sold homes drops.

[quartytypo]

They are doing tech laborers a favor. There is nothing for them to do in San Francisco since most places are closing their doors. Only thing left is stay home and watch cable.

[johnnguyen]

Wait.... they want to work from home. They get their wishes