Tech Layoffs Continue to Plague Bay Area, Google Included
Google and Nextdoor are laying off 200 employees, reducing their workforces by 25%. However, tech layoffs have been on a decline since January, and economists remain optimistic about the sector's recovery. Despite concerns about the slow return to working in the office, new job opportunities in AI, clean energy, and electric vehicles are helping those laid off find work. The decline in office workers has negatively impacted small businesses and restaurants that rely on their patronage. The future of office work and its impact on retail demand remains uncertain.