Infineon lays off more than 100 employees in Silicon Valley without warning

Infineon Technologies Americas recently announced plans to lay off 105 employees at its South Bay facility, effective October 11. According to a report from Mercury News, this decision is part of a broader wave of job cuts sweeping through Silicon Valley’s tech sector, as indicated by recent documents from the California government.

The Employment Development Department (EDD) has highlighted that these layoffs are largely driven by Infineon Technologies alongside Hanwha Vision America, which will significantly impact the job market in San Jose, Santa Clara, and Milpitas.

In addition, biotechnology company Amyris, which filed for bankruptcy in December 2023 but successfully completed its restructuring by May 2024, has also announced plans for layoffs in Emeryville.

Here are the key details surrounding the recent layoffs across the technology and biotechnology sectors in the Bay Area, as outlined in their WARN notices submitted to the state Employment Development Department:

– Infineon Technologies Americas will be laying off 105 employees, with 104 affected in San Jose and one in Milpitas.

– Hanwha Vision America, a cloud video surveillance provider, is set to cut 23 jobs in Santa Clara.

– Amyris, known for producing various products using engineered microbes, will lay off 50 workers in Emeryville.

The WARN notices specify that layoffs at Infineon will commence on October 11, while Amyris plans to reduce its workforce on December 2, and Hanwha Vision America will follow with layoffs on December 4. All companies affected have categorized these job losses as permanent.

Statistics reveal that between 2022 and 2024, tech companies in Silicon Valley have laid off over 47,500 employees in the Bay Area.

Interestingly, while these job cuts are occurring, tech firms are also creating thousands of new positions in high-demand areas, including artificial intelligence, fintech, health tech, cybersecurity, and green energy.