Bay Area Tech Cut 14,500+ Jobs; Engineer Demand -42% — SkimNews
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- Bay Area tech employers filed layoff notices for 14,500+ workers in the 12 months to June, according to a Bloomberg analysis by Francesca Maglione.
- Software engineer demand has fallen 42% since 2022, while wealth generated by Anthropic and OpenAI overshadows the broader layoffs and what the analysis describes as an uncertain job market.
Why it matters: The 42% collapse in software engineer demand since 2022 signals a structural pullback rather than a cyclical dip, with 14,500+ Bay Area layoff notices in a single year showing that even the AI boom at Anthropic and OpenAI is not absorbing the local tech workforce.
Ask SkimNews
