Several Bay Area startups have shut down this year, with more closures expected. Software companies Splunk and Schwab have announced layoffs, with Splunk cutting 7% of its global workforce and Schwab laying off 5-6% of its total headcount. Adobe is also vacating a major portion of its office in San Jose, intended for up to 1,500 employees. Other tech companies, including StepStone, Slync, Viasat Copy, and Informatica, have also initiated job cuts.
San Jose-based design software giant Adobe is vacating a major portion of its 100 Hooper office, intended to hold up to 1,500 employees. https://t.co/O0Y2y84Ajz
Breaking: @Viasat Copy and @Informatica announced mass layoffs today, in what has been a busy week for tech layoffs! Find out who else is making moves now: https://t.co/AJYyJ303e0
San Francisco Tech Company Slashes Hundreds of Jobs San Francisco technology firm Splunk announced it would cut hundreds of staff in a Wednesday email ahead of an all-hands meeting Thursday. https://t.co/dg5a3OFXz3
Adobe & San Jose: A 30 year partnership celebrating creativity & community. š¤ We're excited to unveil new artwork at Adobe HQ & a bridge connecting our campus. In addition, we're granting $1.8M to local nonprofits to drive positive change. https://t.co/2yjZJZqimy https://t.co/S25UlPOxM7
The bridge takes Adobe employees over San Fernando Street. https://t.co/yv26etknGV
Adobe officially completes and opens eye-catching downtown San Jose bridge https://t.co/QgaJkruH58
This has been a busy week for tech layoff announcements! @splunk, StepStone, and Slync have all initiated cuts but find out who else is making restructure efforts here: https://t.co/AJYyJ303e0
San Jose-based design software giant Adobe is vacating a major portion of its 100 Hooper office, intended to hold up to 1,500 employees. https://t.co/fVPQTVLgLS
Between the nasdaq selloff and the collapse of a couple of big unicorns (like Convoy), I wonder if we're going to start seeing an uptick in the number of tech layoffs https://t.co/F3RpzHpyVQ https://t.co/vlAgvbiIKE
Chart: Startups that support content creators are increasingly calling it quits. Lesson: Too much venture capital chased too few good business ideas. https://t.co/haKyilIaDC @kyurieff https://t.co/PPPwzTGPsQ
SCHWAB $SCHW LAYS OFF UP TO 2,154 PEOPLE OUT OF 35,900 STAFF
$SCHW laying off 5-6% of Total Headcount š https://t.co/Xuu12AW5FT
$SPLK announces layoffs of 7% of global workforce
Only around a dozen Bay Area startups have shut down this year, but more pain is likely on the horizon. https://t.co/gsgVN60n8R