Regeneron Acquires Bankrupt 23andMe's Assets for $256 Million Amidst Potential Layoffs in San Francisco
Regeneron Pharmaceuticals is acquiring the assets of 23andMe for $256 million, excluding its Lemonaid Health business, as the company faces layoffs and office closure due to financial struggles and a past cyberattack.
Bay Area Tech Firms Shed Jobs Amid National Employment Growth; San Jose's NetApp Announces Layoffs
Bay Area tech companies face significant layoffs in Q1 2025, as the region loses over 11,000 tech jobs. In contrast, the U.S. economy adds 177,000 jobs in April, with an unchanged unemployment rate of 4.2%.
California is Now the World's Fourth Largest Economy, Surpassing Japan
California is now the world's fourth largest economy, surpassing Japan, with a GDP of $4.1 trillion. Governor Newsom attributes this to investments in people and innovation but warns that Trump's tariff measures could harm growth.
Goodwill San Francisco Bay Announces 11 Store Closures, 90 Layoffs Amid Reorganization Effort
Goodwill San Francisco Bay is closing 11 locations and its headquarters after merging with other chapters, citing financial sustainability goals. This leads to layoffs and concerns about service disruptions for veterans and other clients.
Valero Energy Considers Closing or Restructuring Benicia Refinery, Benicia Braces for Economic Impact
Valero Energy may close or downsize its Benicia Refinery, impacting California's refining capacity and jobs. The city of Benicia is seeking clarity on the future and plans to support affected residents.












