Hundreds more tech and biotech layoffs jolt Bay Area job market

SAN JOSE — Hundreds more tech and biotech layoffs have rattled the Bay Area job market, cutbacks that hint the wobbly sectors have yet to steady themselves and shift back into hiring mode.

IBM, Accenture, Amplitude and Myovant Sciences are among the most recent companies to reveal staffing cutbacks in the Bay Area, according to documents on file with the state’s labor agency.

The most recent layoffs produced a combined total job loss of just over 300 positions in the Bay Area.

The latest layoffs included a loss of more than 200 tech jobs, a review of WARN notices filed with the state Employment Development Department show.

Here’s how the most recent staffing reductions reported by the EDD stack up:

• Myovant Sciences, a biotech company, cut 94 jobs in Brisbane
• Amplitude, a software company, chopped 83 positions in San Francisco
• Accenture, an information technology services firm, laid off 75 people in San Jose
• IBM, a tech services and products titan, cut 53 jobs in San Franciso

With the most recent rounds of job cutbacks, tech companies have revealed plans to lay off at least 20,400 jobs in the Bay Area since mid-2022, according to this news organization’s review of the WARN notices.

Since mid-2022, biotech companies have disclosed plans to chop at least 4,100 jobs in the Bay Area.

In both instances, some of the layoffs have occurred while others have yet to take place.