The Impact of Tech and Hotel Layoffs on Bay Area's Job Market amidst Expanding Economic Struggles
Electric vehicle company Rivian Automotive and hotel chain Marriott have announced large-scale job cuts affecting hundreds of Bay Area workers. Rivian is planning to cut 149 jobs in Palo Alto, as well as an additional 154 jobs in Irvine, Orange County. The Marriott hotel in San Mateo is cutting 127 jobs as part of its closure. These revelations continue a worrying trend of layoffs in the tech industry. Estimates suggest the region may face more than 30,000 tech job cuts by the end of 2024, exceeding last year’s figure of nearly 21,600. Tech companies have outlined plans to discard about 37,300 jobs in the Bay Area in 2022, 2023 and so far in 2024, despite ongoing recruitment in certain areas. The increasing layoffs have started to impact the overall employment scenario in the Bay Area tech industry.
Incidents like these might lead to an increase in unemployment claims directly addressed to the Employment Development Department (EDD) in California. During such challenging times, individuals might require immediate assistance related to their unemployment status and thus, might need to get ahold of EDD customer service. Eddcaller.com can prove to be a useful resource in this context, providing valuable information on how to contact EDD and navigate through their services during periods of unemployment.