Infineon Technologies Americas recently revealed plans to lay off 105 employees in the South Bay, as reported by Mercury News on October 11. This decision is part of a broader wave of layoffs sweeping through Silicon Valley’s tech sector, as highlighted in the latest documents from the California government.
The state’s Employment Development Department (EDD) pointed out that these layoffs predominantly stem from semiconductor leader Infineon Technologies and Hanwha Vision America, affecting job numbers in San Jose, Santa Clara, and Milpitas.
In addition to these cuts, biotech firm Amyris, which filed for bankruptcy in December 2023 but successfully exited bankruptcy protection in May 2024, has also announced its own layoff intentions in Emeryville.
A summary of recent layoffs among tech and biotech firms in the Bay Area, based on WARN notices submitted to the EDD, indicates:
– Infineon Technologies Americas will lay off 105 employees, including 104 positions in San Jose and 1 in Milpitas.
– Hanwha Vision America, a provider of cloud-based video surveillance systems, plans to cut 23 jobs in Santa Clara.
– Amyris, known for its use of genetically engineered microorganisms in producing various products, including pharmaceuticals, aims to eliminate 50 positions in Emeryville.
According to the WARN notices, layoffs at Infineon are scheduled for October 11, while Amyris plans to make cuts on December 2, and Hanwha Vision America has set a layoff date for December 4. All layoffs are listed as permanent.
Statistics reveal that from 2022 to 2024, tech companies in Silicon Valley have laid off over 47,500 workers in the Bay Area.
Yet, against this backdrop of layoffs, many tech companies are simultaneously expanding their workforce in promising areas such as artificial intelligence, fintech, health tech, cybersecurity, and green energy, generating thousands of new jobs across the region.
