Tech layoffs jolt Bay Area economy with hundreds of new job cuts

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An aerospace and defense contractor and a semiconductor company were among the latest tech firms to chop Bay Area jobs.

SUNNYVALE — A high-profile aerospace and defense contractor and a semiconductor company were among the latest tech firms to chop jobs in the Bay Area, cutbacks that will erase more than 200 positions.

— Lockheed Martin, an aerospace and defense titan, 68 job cuts in Sunnyvale and Palo Alto. The layoffs are slated to become effective on June 10. In January, tech companies disclosed their decisions to slash 3,248 Bay Area jobs. In February, the tech industry revealed plans to chop 2,182 positions in the nine-county region.

 

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