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 advised 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 domain in the Bay Area so far this year Specific of the staffing reductions have taken place already Others are scheduled to occur in July or August the WARN letters show Here are specific details about the tech layoffs that the four companies have revealed 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 recent days staffing reductions affecting workers in San Jose and Milpitas The downsizing occurred May Boston Scientific a health 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 majority of brutal hit in the the bulk newest EDD jobs description 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 record as the facts source As for the modern 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 Specific experts believe tech companies are adding jobs in selected segments of their businesses even as they chop jobs in other parts of the organization That might be the episode with the Walmart layoffs based on selected of the information Walmart provided in its WARN letter to the state EDD Walmart is reshaping specific 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 stated the EDD that Walmart is hiring at the same time it is cutting workers We are eliminating roles as well as opening chosen new roles aligned with our business priorities and advancement strategy Walmart stated in the WARN notice As an example of Walmart s prospective improvement in several areas the company of late 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 several 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 described 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