Hundreds of layoffs hit global software developer

Shelley D. Fargo

The fallout from the economic downturn continued this week. Thoughtworks, a major software development consultancy, laid off 500 workers.

The Chicago-based firm is a major developer in the Bay Area, building software products and functionality from its San Francisco office. Thoughtworks also has several other offices around the world.

, but specific details about the layoff have not been released.

 Here Are 100 Companies That Have Not Laid Off Workers

 grabbed headlines, other significant cuts hit San Francisco, as well: 

. Both companies cited workforce reorganization as the reason for the layoffs.

The Standard tracked 660 employees cut from SF companies this week.

<html><head></head><body><iframe title="San Francisco Layoffs by Week " aria-label="Column Chart" id="datawrapper-chart-5nEsv" src="https://datawrapper.dwcdn.net/5nEsv/1/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="450" data-external="1"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(e){if(void 0!==e.data["datawrapper-height"]){var t=document.querySelectorAll("iframe");for(var a in e.data["datawrapper-height"])for(var r=0;r<t.length;r++)t[r].contentWindow===e.source&#038;&#038;(t[r].style.height=e.data["datawrapper-height"][a]+"px")}}))}();
</script></body></html>

Check The Standard’s Layoff Tracker below for a complete list of all the companies that have laid off workers since January 2022.

<html><head></head><body><iframe title="The Standard's San Francisco Layoff Tracker" aria-label="Table" id="datawrapper-chart-ll4w0" src="https://datawrapper.dwcdn.net/ll4w0/1/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="1160" data-external="1"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(e){if(void 0!==e.data["datawrapper-height"]){var t=document.querySelectorAll("iframe");for(var a in e.data["datawrapper-height"])for(var r=0;r<t.length;r++)t[r].contentWindow===e.source&#038;&#038;(t[r].style.height=e.data["datawrapper-height"][a]+"px")}}))}();
</script></body></html>

Business Editor

Kevin Truong

Senior News Reporter

George Kelly

Senior Reporter

Jonah Owen Lamb

Deputy Breaking News Editor

Michael McLaughlin

Business Reporter

Kevin V. Nguyen

Executive Editor

Jon Steinberg

Family of four in murder-suicide investigation faced mounting financial struggles

News

Public records and accounts from associates have unveiled a string of failed businesses and a growing tally of unpaid debts.

Deputy Politics Editor

Hannah Wiley

Newsom signs major housing bill allowing for dense construction near transit 

Politics

Business

Senate Bill 79 concludes state Sen. Scott Wiener’s seven-year upzoning battle to increase multifamily projects near bus or train lines. 

Elon Musk, California’s biggest hater, just can’t quit the state

The tech mogul’s companies haven’t been leaving the Bay Area, but rather, have been expanding their office footprint at every turn.

Senior Culture Editor

Astrid Kane

SF’s sweatiest new party is this Stonestown game room

Culture

Nine rooms contain more than 50 games for all-ages, from analog to high-tech. The LED zaniness is almost irresistible.

Tech Culture Reporter

Rya Jetha

News Reporter

Ezra Wallach

Sorry, grads: Entry-level tech jobs are getting wiped out

New graduates are being increasingly excluded from a job market that prefers automation and more seasoned workers. 


Jillian D’Onfro

Meet the man responsible for painting 18,000 of SF’s colorful homes

Dr. Color has a simple definition of good taste: You know it “if it’s tasty.”

Billionaire’s Row mansion just scored SF’s highest sale price of the year

The 7,320-foot home, with seven bathrooms across three floors, was built by the same architect who designed City Hall. 

Real Estate Reporter

Emily Landes

Hotelmaggedon: When Dreamforce comes to town, even the Motel 6 is a hot ticket

From budget rooms to butler service, a closer look at where 45,000 people plan to stay for San Francisco’s biggest conference. 

How San Francisco became Waymo-pilled

San Franciscans once raged against robotaxis. Now, two-thirds support them, according to a new poll. 

How North Beach’s biggest eyesore could finally become housing

A torched Verdi Building has remained vacant for years. The owners hope new state laws could transform it.

Your dream home in SF just got pricier. Thanks, AI. 

SF housing market braces for ‘tsunami’ of AI wealth could dwarf previous tech booms.

Exclusive: $5.3B startup leases entire office building in Showplace Square

Abridge, which makes AI products for doctors, will take over a property that was recently vacated by Strava and purchased by a local developer.

Nordstrom’s downtown exit killed a mall. The brand is now testing a bite-size SF comeback

Nordstrom Local opens this week on Fillmore Street, despite neighborhood opposition. 

The major tech consultancy cut 500 workers as SF companies continue to reduce headcount.

https://assets.sfstandard.com/image/994911177489/image_pcftfmdj3t0njbrib8v23nc53v

https://sfstandard.com/images/logo/square.png

The San Francisco Standard

The San Francisco Bay Area&#039;s essential source for daily news, politics, business, food, tech, culture and more

The major tech consultancy cut 500 workers in the latest layoff news to hit tech companies as a result of the economic downturn.

Hundreds of layoffs hit global software developer

Filed Under