How Many People Were Actually Laid Off So Far in San Francisco and Silicon Valley?

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    by Wolf Richter, Wolf Street:

    There have been a gazillion layoff announcements by companies headquartered in San Francisco and in Silicon Valley, and there are websites that track those announcements as they’re published in the media, and folks throw around big numbers, such as 200,000 tech layoffs, etc.

    In reality, most of these companies are global companies with facilities around the US and around the globe, and the layoffs are global, and many people who got laid off in the US are working from home, and even if their office was theoretically in San Francisco, they might have been living in another state for all we know, and economically, that layoff impacts the local economy in that state.

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    So how many people actually got laid off between July 1 and now, in San Francisco and in Silicon Valley? We can get the numbers by looking at the WARN (Worker Adjustment and Retraining Notification) reports. The California WARN Act requires employers with 75 employees or more to give advance notice to employees affected by plant closings and mass layoffs. With enough severance pay, employers can lay off employees with immediate effect, but they still have to report those layoffs to WARN.

    What’s astonishing, after six months of layoff hoopla in the media, is how relatively few people actually got laid off from July 1, 2022, through January 18, 2023 (the most recent available), in the three counties that cover San Francisco and Silicon Valley.

    There are currently 2.4 million employed workers in the three counties combined, according to the California Employment Development Department; and the total layoffs since July 1 amount to 15,362 people, or 0.6% of all remaining employed workers. Actual layoffs by county, based on WARN filings:

    • San Francisco County: 6,248
    • San Mateo County: 4,052
    • Santa Clara Country: 5,062.

    “Tech,” social media, and biotech companies feature prominently on the lists, including Twitter, Salesforce, Meta, Invitae (biotech), Cisco, and Jabil. But other companies made it to the top of the lists too, such as American Airlines which is closing its flight-attendant base at the San Francisco Airport, electronic cigarette maker Juul, contractors that service Meta buildings, and Tesla which closed its office in San Meteo.

    Here are the layoffs in the three counties over the past six-months, based on WARN reports. A reminder: just because a laid-off worker was listed as being laid off from the Twitter or Meta office in San Francisco doesn’t mean that the worker actually lived in San Francisco.

    San Francisco County Notice Date # of people
    Twitter 11/04/2022 794
    Salesforce 01/04/2023 752
    Invitae Corporation 07/18/2022 736
    American Airlines 11/02/2022 417
    Meta Platforms 11/11/2022 362
    Doordash 11/30/2022 311
    Lyft 11/03/2022 227
    Carbon Health 01/06/2023 226
    Chime Financial 11/02/2022 152
    San Francisco Housing Authority 07/29/2022 146
    Flexport 01/11/2023 120
    JUUL Labs 11/18/2022 116
    Airtable 12/08/2022 111
    Gap 09/20/2022 111
    Twilio 09/14/2022 108
    Asana 11/15/2022 97
    Stitch Fix 01/05/2023 97
    Rainberry 01/13/2023 92
    Bayview Hunters Point 08/01/2022 82
    Cisco Systems 12/09/2022 80
    LendingClub Bank 01/12/2023 80
    Tonal Systems 07/13/2022 80
    Marriott Resorts 09/13/2022 69
    Chinese Community Health Care Association 10/31/2022 68
    Scale AI 01/09/2023 68
    Hallcon Corporation 09/26/2022 63
    BloomTech 12/01/2022 60
    Carta, Inc. 01/11/2023 60
    Pacific Supermarket 01/09/2023 59
    Plaid Inc. 12/07/2022 59
    Granular, Inc. 09/19/2022 57
    Intercom, Inc. 11/14/2022 55
    Tempo Automation 08/08/2022 54
    Unity Technologies 01/17/2023 53
    Imperfect Foods 07/18/2022 50
    SPIN 09/29/2022 49
    PSA Risk Management Services 08/31/2022 40
    Zeus Living 10/17/2022 31
    Plastiq, Inc. 11/17/2022 19
    Heritage on the Marina 01/04/2023 17
    GoFundMe 10/28/2022 11
    StubHub 11/01/2022 9
    Total 6,248

     

    San Mateo County Notice Date # of people
    Meta Platforms 11/11/2022 1,821
    ABM Industry Groups dba Meta 07/01/2022 368
    Tesla 06/29/2022 229
    Oracle 08/04/2022 201
    Robinhood Markets 08/02/2022 146
    PACT Pharma 06/30/2022 145
    Reali 09/03/2022 132
    Flagship Facility Services at Meta 01/03/2023 126
    Verily Life Sciences 01/11/2023 119
    Synthego Corporation 11/15/2022 105
    RingCentral 07/20/2022 100
    Adverum Biotechnologies 07/07/2022 78
    Aimmune Therapeutics 12/13/2022 75
    CytomX Therapeutics 07/13/2022 66
    Natera 11/04/2022 58
    Talis Biomedical 08/01/2022 57
    Thermo Fisher Scientific 11/15/2022 49
    Tremor International 09/19/2022 49
    WeDriveU 09/26/2022 46
    Arana Therapeutics 12/02/2022 30
    Illumina 11/14/2022 20
    Plenty Unlimited 12/01/2022 18
    Atara Biotherapeutics 08/08/2022 14
    Total 4,052

     

    Santa Clara County Notice Date # of people
    Cisco 12/09/2022 593
    Jabil 10/20/2022 577
    Amy’s Kitchen 07/19/2022 331
    Nuro 11/18/2022 269
    Amazon 11/15/2022 263
    Argo AI 12/15/2022 257
    Cepheid 08/16/2022 257
    Meta Platforms 11/11/2022 237
    Owens Corning 07/28/2022 225
    Rivian 07/27/2022 202
    Intel 12/02/2022 201
    Western Digital 11/09/2022 189
    Flex 11/10/2022 155
    Maxar Space 07/06/2022 125
    Twitter 11/04/2022 106
    Kitty Hawk Corporation 09/21/2022 100
    Roku 11/17/2022 93
    Onsemi 09/19/2022 88
    Specialized Bicycle Components 01/11/2023 80
    Coursera 11/11/2022 77
    Quanergy 12/09/2022 72
    G&C Staffing 09/16/2022 66
    AppLovin Corporation 06/27/2022 62
    PayPal 11/02/2022 59
    GlobalFoundries US 12/16/2022 50
    Aerotek at Flex LTD 11/11/2022 48
    Malwarebytes 08/12/2022 47
    PSA Risk Management Services 08/31/2022 44
    USRA at ARC 09/09/2022 41
    Bed Bath & Beyond 12/01/2022 36
    Abeam Milpitas 12/19/2022 30
    Silicon Valley TMS 11/15/2022 30
    Sierra Monitor Corporation 09/07/2022 26
    OnePointOne Inc. 07/14/2022 14
    DZConneX 10/31/2022 7
    Lucira Health 10/28/2022 5
    Total 5,062

     

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