Bay Area: 14,500+ Tech Layoffs as Engineer Demand Drops 42% — SkimNews
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- Tech employers filed layoff notices for more than 14,500 Bay Area workers in the 12 months through June, according to a Bloomberg analysis by Francesca Maglione.
- Bay Area software engineer demand has fallen 42% since 2022, even as the wealth generated by Anthropic and OpenAI overshadows the layoffs and an uncertain job market.
Why it matters: A 42% collapse in engineer demand since 2022 alongside 14,500+ layoff notices shows that the AI-driven wealth concentrated at Anthropic and OpenAI is not diffusing to the broader Bay Area tech workforce, leaving the region's labor market sharply bifurcated between AI insiders and the rest of the industry.
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