Bay Area Tech Firms Laying Off 1,200 Workers By Memorial Day

McGruber writes: SAP, Oracle America, PayPal, Instacart, Thin Film Electronics and other technology companies will cut about 1,200 jobs in the Bay Area between now and Memorial Day. According to WARN notices filed with California state labor officials, SAP will eliminate 446 jobs: 179 in Palo Alto, 173 in San Ramon and 94 in South San Francisco; while Oracle intends to cut 352 positions: 255 in Redwood City and 97 in Santa Clara. PayPal plans to reduce staffing levels by 183 jobs: 160 in San Jose and 23 in San Francisco. The South Bay job cuts are slated to occur at the e-commerce titan's offices on North First Street in San Jose. Thin Film Electronics has issued an alert of 54 upcoming job cuts in San Jose. Instacart, an e-commerce unicorn that offers a web-based same-day grocery delivery service, intends to eliminate 162 jobs: 86 positions in San Francisco, 41 in San Mateo, 15 in Oakland, 13 in Berkeley and seven in Campbell. For SAP, Oracle and PayPal, the majority of the employment reductions will be in software jobs.

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