Maker of fast coronavirus tests chops hundreds of Bay Area jobs
SUNNYVALE — A maker of rapid coronavirus tests has revealed plans to chop hundreds of jobs in the Bay Area, a grim disclosure that suggests tech and biotech layoffs in the region have yet to run their course.
Cepheid, a medical devices and biotech company, has told state labor officials that it has decided to cut 625 positions in the Bay Area, according to official government filings.
The layoffs will affect Cepheid workers in Sunnyvale, Newark, Fremont and Santa Clara, WARN notices the company sent to the state Employment Development Department (EDD) show.
The layoffs are all slated to occur around June 20, the state government filing shows.
Here’s how the Cepheid employment reductions are expected to break down in the Bay Area, according to various WARN notices:
- 350 layoffs at locations in Sunnyvale
- 268 job cuts at sites in Newark
- 6 job losses in Fremont
- 1 layoff in Santa Clara
In addition to the layoffs in the Bay Area, Cepheid will also eliminate 61 jobs in the San Joaquin County city of Lodi, the company stated in an EDD WARN notice.
Including a prior round of layoffs totaling 925 jobs, Cepheid has detailed plans to cut 1,550 jobs in the Bay Area, the WARN notices show.
Prior to the Cepheid job cuts, these are other very recent filings that outline plans for job cuts in the Bay Area:
- 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 Francisco
- Twitch, a platform for video streaming services, cut 153 jobs in San Francisco
Since mid-2022, tech and life sciences companies have filed WARN notices detailing layoffs to eliminate the jobs of 25,200 workers in the Bay Area, this news organization’s review of official state government filings shows. Some of the layoffs have already occurred while others are slated to take place.
These 10 tech companies have eliminated the most jobs in the Bay Area starting in July 2022, the WARN letters show:
- Facebook owner Meta Platforms, 2,564 job cuts in Menlo Park, San Francisco, Fremont, Sunnyvale and Burlingame
- Google, 1,608 layoffs in Mountain View, Moffett Field, San Bruno and Palo Alto
- Salesforce, 1,151 staff cutbacks in San Francisco
- Twitter, 900 layoffs in San Francisco and San Jose
- Cisco Systems, 673 job cuts in San Jose, Milpitas and San Francisco
- Grocery Delivery E-Services (HelloFresh), 611 layoffs in Richmond
- Amazon, 524 staffing cuts in Sunnyvale and San Francisco
- Intel, 490 job cuts in Santa Clara and San Jose
- Rivian Automotive, 448 layoffs in Palo Alto
- Lam Research, 400 staffing cuts in Fremont and Livermore
Starting in July 2022, tech companies have revealed plans to eliminate more than 20,400 jobs. Over the same period, biotech and life sciences firms have filed notices detailing more than 4,700 job cuts.
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