Intel, Walmart, other tech companies reveal 500-plus Bay Area job cuts

Intel Walmart Renesas and Boston Scientific disclosed plans for well over job cuts in the Bay Area as the wobbly tech industry struggles in the face of ongoing layoffs All communicated the four companies have revealed intentions to eliminate Bay Area tech jobs according to official notices the organizations sent to the state Employment Advancement Department The layoffs extend what is shaping up as a rough for the tech industry in the Bay Area The tech industry s job losses have contributed to a feeble job field in the Bay Area so far this year Particular of the staffing reductions have taken place already Others are scheduled to occur in July or August the WARN letters show Here are a few details about the tech layoffs that the four companies have announced to the state EDD Walmart a retail and e-commerce titan job cuts at three locations in Sunnyvale All the cuts are occurring at a tech hub on West California Avenue near Sunnyvale s Caltrain Station The layoffs are scheduled for Aug Intel a legendary semiconductor giant layoffs at multiple Santa Clara locations at or near the company s headquarters The job cuts were scheduled to occur July Renesas a semiconductor company that had been in expansion mode until in the past few days staffing reductions affecting workers in San Jose and Milpitas The downsizing occurred May Boston Scientific a clinical equipment maker job cuts in Sunnyvale These layoffs are scheduled for Aug The local layoffs come on the heels of fresh job losses for the tech industry in the Bay Area with the San Francisco metro region taking the largest part brutal hit in the preponderance current EDD jobs analysis Tech employers slashed a net total of jobs during May in the Bay Area The San Francisco-San Mateo region lost the East Bay shed and the South Bay lost The numbers were derived from a seasonally adjusted assessment that Beacon Economics produced using the EDD monthly review as the input source As for the new layoff reports Walmart Intel Renesas and Boston Scientific all described the job cuts as permanent according to the WARN letters Santa Clara-based Intel has been warning of its intentions to eliminate up to of its workforce potentially affecting or more workers worldwide Intel s WARN notices provide the first clues about how these global cutbacks might affect the chipmaker s workers in the Bay Area Particular experts believe tech companies are adding jobs in particular segments of their businesses even as they chop jobs in other parts of the organization That might be the event with the Walmart layoffs based on selected of the information Walmart provided in its WARN letter to the state EDD Walmart is reshaping particular teams in our Global Tech and Walmart U S organizations where we have identified opportunities to remove layers and complexity speed up decision-making and help associates innovate rapidly Maren Waggoner a Walmart chief people officer wrote in the WARN notice The company reported the EDD that Walmart is hiring at the same time it is cutting workers We are eliminating roles as well as opening specific new roles aligned with our business priorities and development strategy Walmart stated in the WARN notice As an example of Walmart s feasible rise in a few areas the company in recent months signed a big lease for office space in Sunnyvale The office deal followed Walmart s opening of a big new Sunnyvale campus near the site where the company just signed its lease Walmart also held open the possibility that chosen workers whose jobs are being cut could find employment elsewhere with the huge company We do not expect all impacted associates to experience employment loss due to this event Walmart informed the EDD in the WARN letter We anticipate that a multitude of impacted associates will relocate or continue employment in a new position within the company All affected associates can apply for open positions at other company facilities