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San Francisco reports over 5,500 layoffs in 2024, with JPMorgan Chase leading cuts

share-iconPublished: Saturday, January 11 share-iconUpdated: Saturday, January 11 comment-icon10 months ago
News sources:
SFGATE
San Francisco reports over 5,500 layoffs in 2024, with JPMorgan Chase leading cuts

Credited from: SFGATE

  • San Francisco faced a significant increase in layoffs in 2024, totaling more than 5,500 compared to 10,200 in 2023.
  • JPMorgan Chase & Co. issued the largest layoffs, cutting 1,308 positions due to its acquisition of First Republic Bank.
  • Several industries including tech, banking, and retail were affected, showcasing widespread job losses across the city.
  • Notable layoffs were reported from tech firms like Google, Discord, and Unity, indicating ongoing challenges in the sector.
  • The data was compiled from WARN notices required for large layoffs, although not all layoffs in the city are reflected.

For the full article, visit SFGATE.

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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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