In a blow to San Francisco’s South Beach neighborhood, GitHub said Thursday it would close its headquarters near Brannan and Second streets and lay off 10% of its workforce, or approximately 300 employees.
The popular platform for collaborating on code has 100 million members but is shutting down all its offices to reduce costs and because most employees are working remotely. Bought by Microsoft for $7.5 billion in 2018, GitHub’s layoffs may be part of the software giant’s cut of 10,000 workers announced in January; it is not yet clear.
GitHub and Microsoft are some of the targets of a class-action lawsuit alleging one of the platform’s tools makes it easy for AI developers to steal other contributors’ code without giving them attribution.
Indeed, times must be tough in the dev-ops business, as GitHub’s rival, GitLab, announced a 120-person trim to headcount on the same day.
The tech industry has cut more than 90,000 jobs in the past year and the pace of announcements over the last two weeks shows the workforce-reduction trend may not end anytime soon.
Even the most profitable tech companies are citing slow growth, economic uncertainty, rising inflation and fear of a recession as a reason to cut thousands of workers. In fact, Silicon Valley has lost 10,000 jobs in the past six months, alone.
Yahoo said Wednesday that it will lay off more than 1,600 workers. The Sunnyvale digital media company says the cuts are a result of restructuring its ad tech unit.
Yahoo aside, here are the major tech companies that announced layoffs in recent days that will impact the Bay Area:
After a relatively mild end to January, the number of San Francisco-based companies slashing headcount jumped again in the past two weeks: The Standard’s SF Layoff Tracker counted 2,759 layoffs at 16 companies.
Many notable San Francisco firms announced recent staff reductions, with the mortgage slowdown hitting Wells Fargo (140) and SoFi (65), as well as downturn-driven cuts at Autodesk (250) and Okta (300).
Affirm announced the largest number of layoffs by a San Francisco-based company with approximately 484 employees losing jobs as a result of poor earnings.
Check out the full list below of SF companies that laid off staff or companies based elsewhere that cut jobs in the city.
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