PALO ALTO, California — Tech industry job cuts in the Bay Area have reached two new grim milestones with the disclosure that the Broadcom purchase of VMware will spawn well over 1,000 more Silicon Valley layoffs, documents show.
With the latest revelations of upcoming layoffs, the tech industry has now disclosed plans to chop twice as many Bay Area jobs in 2023 than they reported for 2022, according to this news organization’s review of hundreds of official filings with the state labor agency.
Plus, Bay Area layoffs in the tech industry have now rocketed past the 31,000 mark for a period stretching from January 2022 to the present. Only a few days ago, the total layoffs for the 23 months was roughly 30,000.
VMware has revealed its intentions to chop 1,267 jobs in Palo Alto on the heels of the company’s acquisition by Broadcom, WARN notices on file with the state Employment Development Department show.