Fresh Cutbacks in Bay Area Job Market: Biotech Layoffs and Store Closures Jolt the Economy
Fresh rounds of job cuts have been announced in the Bay Area market, with big store and local biotech company, Cepheid and Target, revealing staff reductions in filings with the state Employment Development Department (EDD). These job cuts will mostly affect workers in Sunnyvale, East Palo Alto, and Fremont. According to the WARN notices sent to the state EDD, Cepheid will lay off 635 employees, while Target will cut 83 jobs. Both companies have described these layoffs as permanent and directly linked to company performance.
The layoffs at Cepheid are set to take place on September 27. Meanwhile, the employees at the East Palo Alto Target location, facing job cuts on September 28, might have the opportunity to transfer to other Target locations. Target has stated that the layoffs are due to the permanent closure of the East Palo Alto store due to prolonged underperformance.
If you need to contact the EDD regarding these job cuts or any other unemployment or disability related issues, eddcaller.com can provide helpful information. It is crucial, especially during times like these to be able to contact the EDD for any help or inquiries you might have. From getting through to a live person on call, to understanding the fastest way to get your issues resolved, eddcaller.com covers it all. This is particularly useful for those who have been impacted by the recent layoffs and need guidelines on how to reach out for help or benefits.