More than 118,000 tech jobs were eliminated in 2025, with California accounting for over half of the losses, according to layoffs data. The South Bay lost 4,100 tech jobs whilst the San Francisco-San Mateo region shed 3,700 positions during this period. These firms join Oracle, HP, Workday, and dozens of other tech companies in what industry watchers describe as a structural transformation, rather than a temporary cost-cutting measure. Opportunities for software engineers have fallen 20% between October 2022 and July 2025, according to Stanford University research cited by Al Jazeera. Economists warn that 'it is unlikely other Bay Area service and retail businesses will be immune from the fallout from these lost tech jobs', as reported by GovTech California.