Tech companies trim Bay Area jobs as layoffs persist for woozy sector

US

SAN JOSE — Tech companies have revealed plans to trim more than 100 Bay Area jobs in a fresh round of cutbacks for the woozy sector, according to new official filings posted by the state government.

Infineon Technologies Americas and Hanwha Vision America are the most recent tech companies to disclose decisions to cut jobs, this time affecting workers in San Jose, Santa Clara and Milpitas, information provided by the state Employment Development Department shows.

Separately, Amyris, a biotech firm that filed for bankruptcy in December 2023 but successfully emerged in May 2024 from the Chapter 11 proceeding to reorganize its finances, revealed plans for layoffs in Emeryville.

Here are the details of the most recent rounds of staffing reductions involving tech or biotech workers in the Bay Area, according to WARN notices sent to the state EDD:

— Infineon Technologies Americas is cutting 105 jobs in the South Bay. These consist of 104 layoffs in San Jose and one lost job in Milpitas, the semiconductor firm reported in the EDD filing.

— Hanwha Vision America, a cloud-based provider of video surveillance systems, has decided to eliminate 23 jobs in Santa Clara.

— Amyris, a biotech firm that genetically engineers microbes to produce an array of products including medicines and drugs, is cutting 50 jobs in Emeryville.

Infineon workers are slated to lose their jobs on October 11, Amyris has scheduled its layoffs for Dec. 2 and  Hanwha Vision intends to carry out its job cuts on Dec. 4, the WARN notices show.

The companies all described the layoffs as permanent.

In 2022, 2023 and 2024, tech companies revealed plans to eliminate more than 47,500 jobs in the Bay Area.

Yet at the same time the layoffs occur, tech companies have been adding thousands of Bay Area jobs in fields they deem promising, such as artificial intelligence, fintech, health tech, cybersecurity and green energy.

 

 

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