As tech companies in the Bay Area continue to tighten their belts, IBM and Infineon have disclosed fresh rounds of layoffs that will see over 100 tech workers in the region joining the growing list of those affected by the industry's scaling back. New filings with the state Employment Development Department reveal a grim picture: IBM is set to cut 75 jobs in South San Jose, while semiconductor maker Infineon plans to lay off 46 employees in North San Jose.
These layoffs, described as permanent by both companies, are scheduled to commence in the coming weeks and will further contribute to the Bay Area's tech employment shakeup. Barely two weeks ago, the industry was hit by a wave of similar announcements from major players like Amazon, Meta Platforms, and Applied Materials, according to the The Mercury News. These companies had collectively revealed plans that expected to eliminate upwards of a thousand jobs, filings during the last week of October and the first week of November suggest.
IBM's layoffs at 555 Bailey Ave. are slated for Jan. 5, 2026, aligning with their previous announcement regarding the consolidation of their Almaden Research Center with their Silicon Valley Lab, as reported by a spokesperson in a July statement by the The Mercury News. It remains unclear if these layoffs are a direct result of the restructuring effort.
On a broader scale, a spokesperson disclosed to CNBC that IBM is undergoing a global workforce reduction, impacting a "low single-digit percentage." At the end of 2024, IBM employed 270,000 people, meaning that a 1% cut would translate to approximately 2,700 jobs. The spokesperson affirmed, "While this may impact some U.S.-based roles, we anticipate that our U.S. employment will remain flat year over year."
