"During the height of the COVID-19 outbreak, a surge in remote work and distance learning spurred demand for technologies and services that could connect employers with workers, teachers with students, and retailers with customers. The tech industry responded with the addition of 97,600 jobs in the Bay Area during the boom years that followed the onset of pandemic-linked shutdowns. In 2020, Bay Area employers added 2,400 tech jobs."
"From 2023 to 2025, the Bay Area lost 137,200 tech jobs. Tech companies announced multiple waves of worldwide tech layoffs during those years. Santa Clara-based Intel said it intended to slash 34,000 jobs by the end of last year. Seattle-based Amazon said it was planning layoffs ranging from 14,000 to 30,000 jobs. Seattle-based Microsoft said it decided to cut 19,000 jobs and Menlo Park-based Meta Platforms said it was cutting 3,600 jobs worldwide."
Seasonally adjusted industry estimates derived from state Employment Development Department reports show volatile hiring and firing in Bay Area tech over the past five years. Remote work and distance learning during COVID-19 drove strong demand, prompting the addition of 97,600 tech jobs during the pandemic-era boom. In 2020 employers added 2,400 tech jobs, followed by 58,100 in 2021 and 37,100 in 2022. From 2023 to 2025 the Bay Area lost 137,200 tech jobs as companies implemented multiple worldwide layoff waves. Major firms announced large cuts, including Intel 34,000, Amazon 14,000–30,000, Microsoft 19,000 and Meta Platforms 3,600. 2025 layoffs represented the final stage of industry recalibration.
Read at The Mercury News
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