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Tech Layoffs to Top 1,000 in Bay Area by Late May, State Reports Show:
Tech and web-based companies intend to cut well over 1,000 jobs in the Bay Area between now and Memorial Day, according to new official filings with [California] state labor officials.
SAP, Oracle America, PayPal, Instacart and Thin Film Electronics are among the technology companies that have alerted the state's Employment Development Department of their intentions to reduce staffing levels.
All told, about 1,100 jobs will be lost through the employment reductions being planned by the five companies, WARN notices filed with the state EDD show.
According to the filing, SAP will eliminate 446 jobs — 179 in Palo Alto, 173 in San Ramon and 94 in South San Francisco.
Oracle intends to cut 352 positions: 255 in Redwood City and 97 in Santa Clara.
PayPal plans to reduce staffing levels by 183 jobs: 160 in San Jose and 23 in San Francisco. The South Bay job cuts are slated to occur at the e-commerce titan's offices on North First Street in San Jose.
Thin Film Electronics has issued an alert of 54 upcoming job cuts in San Jose.
Given the high cost of living in the area, let's hope none of them end up homeless.
(Score: 2, Insightful) by Anonymous Coward on Sunday March 31 2019, @05:53AM (1 child)
'Naff said.
(Score: 2, Informative) by realDonaldTrump on Sunday March 31 2019, @07:10AM
That's a big big part of it. And that's why I founded the National Council for the American Worker. Something Ivanka's been helping with. We now have 6.5 million pledges to eduIndustriescate & train our beautiful students and workers. The biggest being IPC Association Connecting Electronics Industries, and Walmart. Who are each doing 1 million folks each. Lot of people and I could never do that many by myself. Although, I'd love to try.
whitehouse.gov/pledge-to-americas-workers [whitehouse.gov]
And the coding, Ivanka has done some very special work on that one. She went to Detroit to meet Internet Association about, let's teach Coding to kids. Something they don't think about in High Tax High Crime California. My daughter thinks about it. And I think about it -- all the time. And if California doesn't clean up their act, all the Jobs are going to leave that Sad State. For Michigan, for Wisconsin, for Pennsylvania. Alabama, Saipan -- many places. Sorry California, cut your taxes & bring back Death Penalty! whitehouse.gov/articles/ivanka-trump-promotes-access-high-quality-coding-computer-science-education-programs [whitehouse.gov]
(Score: 0) by Anonymous Coward on Sunday March 31 2019, @05:55AM (2 children)
With the recent EU regulations and how the US been trying to force everyone not to buy Chinese, the Europeans started canceling orders and backing out from contracts left and right.
(Score: 2, Touché) by Anonymous Coward on Sunday March 31 2019, @05:58AM (1 child)
The one easy to win?
Btw: are you tired of winning yet?
(Score: 2, Informative) by realDonaldTrump on Sunday March 31 2019, @06:27AM
Hard to believe I won and am winning. Approval Rating 52%, 93% with Republicans. Anomalous said it -- LEARN TO CODE. Sorry!
(Score: 0) by Anonymous Coward on Sunday March 31 2019, @06:54AM (7 children)
Inverted yield curve, housing starts collapsing in Sacramento as well. Mass layoffs starting 8n the bay area..
Finally the recession is starting I guess..
Hopefully it will be less bad then the last one..
(Score: 2, Troll) by realDonaldTrump on Sunday March 31 2019, @07:46AM (5 children)
California has truly become a State of Disaster. I said, be sure to get out and vote for Republican John Cox for Governor. I said, he will make a BIG difference! I gave him my FULL endorsement (not something I do easily). Many Californians listened. But unfortunately, election was rigged. Big time!!!!
(Score: 2) by linkdude64 on Sunday March 31 2019, @12:13PM (4 children)
You forgot, "Sad!" As an addendum this time. Sad!
(Score: 4, Touché) by realDonaldTrump on Sunday March 31 2019, @08:29PM (3 children)
Thank you, I didn't forget. But I'll addendum this. California is a SAD State of Disaster. One of the saddest. And that's for many reasons. But they all boil down to, too many votes for Democrat Party. Some of those votes are real. But many are Fake -- known as Voter Fraud. "People" coming across our Southern Border and California says they can vote as many times as they want. Which is why I'm closing the border next week.
Couple of very bad things happening in California. The Crooked Failed California Bullet Train to Nowhere. Was supposed to go from San Francisco through Los Angeles to San Diego at supersonic speed. Sounds great, right? But, they have the Democrat Party in charge. They changed the plan, they're doing a new route. They canceled San Fran. Canceled L.A. Canceled San Diego. Now it's Madera to Shafter. Places nobody heard of before, they weren't famous. They're famous for the train. These were little farming towns. We love our farmers, they're not big Bullet Train folks. And I'm sure they'll be taking Bullet Train now and then. "Oh, my hogs look very hungry, I'll take the train to Shafter and buy them some Hog Food!" But it's going to take a long time to pay back the $77 billion of building the tracks, the trains, the everything. Was supposed to be a lot less but, Democrats are running it. And they ran up the bill.
Another thing, this one's even worse. The California Dems decided to divert all their water to Pacific Ocean. They call it Rivers. They put down concrete and it's a concrete slab with concrete walls. Looks just like a turnpike with the concrete to drive on and the concrete sound walls. It's not a turnpike. They call it, as I said, a River. And they could drive on that one and frankly it would be much better than their turnpikes, their highways. Except a couple of times a year when they divert billions and trillions of gallons of water through that one. You're driving along, or being driven, it rains. Big wall of water. And suddenly you're in the middle of the ocean.
They don't save their water. They get a lot of water coming down -- known as rain -- they don't keep it. And we're always hearing "oh, such a terrible drought in California." It's not a drought. It's, you diverted all your water to the ocean, now it's gone. So they can't water their forests. They could have beautiful forests -- the envy of the world -- if they would only WATER & RAKE.
But, they don't. So their forests are very "sick." Very bad and very sick. And they burn very easily. When they burn it spreads like wildfire. Camp Fire, sounds nice right? It wasn't nice. I went to Pleasure, California. Little town and it must have been a beautiful little town. But the fire came through and left nothing but ashes. So many "people" dieing there, very sad state of disaster. And they came crying to my F.E.M.A. "oh, please give us money, our forests are burning horribly!" And it was horrible. But, it was their own fault. We gave them the money, because I'm a guy that has a lot of heart. But next time, maybe I'll tell them, no. You want our money, you need to clean up your act. It's called tough love. And sometimes it's the only way when you're dealing with dumb Dems. Sorry!!!!
(Score: 1) by Ethanol-fueled on Sunday March 31 2019, @11:03PM
Please close the border. Please close the border. Pleeeeeasseeeee! Fucking do it!
(Score: 2) by linkdude64 on Monday April 01 2019, @01:54AM
Thank you a hundred times for this ::crying with laughter emoji::
(Score: 2) by Reziac on Monday April 01 2019, @02:48AM
+1 Inconvenient Truths
And there is no Alkibiades to come back and save us from ourselves.
(Score: 0) by Anonymous Coward on Sunday March 31 2019, @02:54PM
It won't. Once the collapse is under way, BRICS will move away from the US dollar, further deepening the crisis. Martial law will be declared, and World War 3 will begin soon after.
It's a long way from here to the next gas station.
(Score: 3, Interesting) by krishnoid on Sunday March 31 2019, @09:11AM (3 children)
I asked this on the green site too -- if you have to get laid off, what would the best month or least worst month for it to happen? The answer can vary by state and country, if you like.
(Score: 0) by Anonymous Coward on Sunday March 31 2019, @05:00PM (1 child)
Silly question since you have no control on when you will be laid off. Unless, could it be, you are a boss trying to make the lay-off easier on your employees? Just before Christmas, that’s the best time.
(Score: 2) by realDonaldTrump on Sunday March 31 2019, @10:41PM
I would never fire someone just before Christmas. I wait until just after Christmas. And I'm like, did you get me a fantastic Christmas present? You did, that's great, you get the opportunity and the privilege of serving my agenda a little longer. Oh, you didn't? Too bad, you're fired. Arnold Schwarzenegger, he did The Terminator, remember? Worst. Acting. Ever. I wouldn't be acting -- I never act. And I'm the original Terminator!!!!
(Score: 1) by Ethanol-fueled on Sunday March 31 2019, @11:04PM
Late winter/early spring or early fall. Doesn't fuck up your holidays or summer vacay. Though that is from a fatmerican's perspective.
(Score: 0) by Anonymous Coward on Sunday March 31 2019, @10:19PM (4 children)
Now you're going to see people in SAP and Oracle t-shirts shitting in the street. Careful where you step.
(Score: 2, Insightful) by Ethanol-fueled on Sunday March 31 2019, @11:06PM (1 child)
Lets be sure to remind everybody how many H1-B employees SAP and Oracle use. We're in the middle of a nice trend of seeing leftists eat each other alive, now, let us stoke the flames of hatred and division!
HaahaaheeheeHOOOOOOO!
(Score: 0) by Anonymous Coward on Sunday March 31 2019, @11:44PM
The splintering is a unique feature of the left. They always splinter.
(Score: 3, Funny) by linkdude64 on Monday April 01 2019, @01:56AM (1 child)
Holy fuck, I can see it now - mobs of modestly overweight middleaged men and women in SAP gangwear are going to brutally force innocent bystanders to demo their software and shake them down for their own corporate contacts looking for parternships so they can get their jobs back...we need a movie like The Office but a horror version!!!
(Score: 3, Insightful) by Freeman on Monday April 01 2019, @05:39PM
You say that like, "The Office" wasn't a horror version. Just much more Hitchcock and a lot less "Saw LXXVIII".
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"