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Bay Area tech layoffs in 2023 already top the total for all of 2022

Published Wed, 19 Feb 2025 20:55:58 GMT

Bay Area tech job cuts revealed so far in 2023 have already topped the total for all of 2022, an ominous reminder of the widening waves of layoffs that the technology industry has orchestrated.Over the first one-third of 2023, a period of four months, tech companies have revealed plans to chop well over 12,000 Bay Area jobs, this new organization’s review of official state labor filings shows.The 12,318 job cuts affecting tech workers in the Bay Area that have been revealed so far in 2023 now exceed — by a wide margin — the 10,457 tech sector layoffs disclosed in the nine-county region during all 12 months of 2022, WARN notices on file with the state Employment Development Department show.The latest tech layoffs in the Bay Area include a disclosure by Facebook app owner Meta Platforms that the company is planning more than 1,500 layoffs in June and July, according to the EDD filings.Bottom line: Tech industry layoffs during 2023 are galloping ahead at a far more br...

Opinion: It’s code red for six of San Jose’s largest school districts

Published Wed, 19 Feb 2025 20:55:58 GMT

The data are alarming, code red!  In 2022 according to the California Department of Education 33% of California’s students met math standards and 47% met English Language Arts standards. And in San Jose, the capital of Silicon Valley, our students score significantly below the state average. Here are the facts, just the facts, most education leaders do not want you to know.In 2023 San Jose school systems are experiencing downward trending achievement levels and higher absenteeism. That said, very few of our community leaders discuss the seriousness of the problem for our collective benefit.  This must change.Our children are the beneficiaries of a quality public education system in life and in the community to careers.  Our democracy and economy depend on their success in our public schools. Achievement and opportunity gaps have persisted for decades and continue to cost us the future of our most marginalized students.Ultimately, school district governing boards are responsibl...

Opinon: Lack of environmental law reform threatens California’s future

Published Wed, 19 Feb 2025 20:55:58 GMT

Like our changing climate and its many impacts on our communities, economy and environment; like the collapse of critical infrastructure; like the humanitarian homelessness crisis on our streets and the housing shortage driving it; like so many other slow-motion disasters that have befallen us, the warning signs have been unmistakably clear.And just as often, we have ignored them, denied them and been slow to act.Untold volumes have been written about California’s signature environmental law and how over the past five decades it has metastasized through judicial activism and other means to become a signature obstacle to progress. Examples are legion and often ludicrous, and the evidence presented in mountains of research indisputable. For all its good intentions and good outcomes, the California Environmental Quality Act, or CEQA, has been increasingly exploited and perverted to slow or block everything from bike lanes and solar installations to affordable infill housing and homeles...

The 10 most expensive homes reported sold in Danville, San Ramon, Dublin, Pleasanton in the week of April 24

Published Wed, 19 Feb 2025 20:55:58 GMT

A house in Pleasanton that sold for $4.5 million tops the list of the most expensive real estate sales in Danville, San Ramon, Dublin, Pleasanton in the past week.In total, 27 real estate sales were recorded in the area during the past week, with an average price of $2.1 million. The average price per square foot ended up at $745.The prices in the list below concern real estate sales where the title was recorded during the week of April 24 even if the property may have been sold earlier.10. $2.2 million, single-family home in the 100 block of Birchbark PlaceThe 3,383 square-foot single-family residence in the 100 block of Birchbark Place in Danville has now been sold. The transfer of ownership was settled in April and the total purchase price was $2,185,000, $646 per square foot. The house was built in 1988. The house features 4 bedrooms and 3 bathrooms.9. $2.3 million, detached house in the 7700 block of Bloomfield TerraceThe sale of the single family residence in the 7700 block of...

SoCal native Klay Thompson and dad, Mychal Thompson, relish Lakers vs. Warriors clash

Published Wed, 19 Feb 2025 20:55:58 GMT

SAN FRANCISCO — Life as the son of an NBA champion exposed Klay Thompson and his two brothers to experiences no regular kids get.As children they shook hands with Michael Jordan, chopped it up with Shaquille O’Neal at his locker and got up shots alongside Kobe Bryant warming up at Staples Center.In an NBA career that took Mychal Thompson from Portland’s Rose Garden with Clyde Drexler to Los Angeles with Magic Johnson and, after his retirement, alongside the Trail Blazers and Lakers as a radio commentator, it was his goal to make arenas like home and teammates like family for his three boys.“I recognized how fortunate I was as a parent to introduce them to the greats who played the game,” Thompson said in a phone conversation. “What a blessing and advantage it is for kids growing up in their father’s business, if that’s what they want to do, to meet the legends and icons to come before them.”So for Klay, the Warriors’ Western Conference...

Elias: Newsom laying groundwork for possible 2028 presidential run

Published Wed, 19 Feb 2025 20:55:58 GMT

Gov. Gavin Newsom has spent much of the last year tossing tea leaves around where anyone and everyone who’s interested can try reading them.Related ArticlesLocal Opinion | Elias: Dumb decarceration idea may rear head elsewhere in California Local Opinion | Elias: California GOP can expect more irrelevance if it doesn’t change Local Opinion | Elias: Effort to restore single-family zoning in California likely to win Local Opinion | Elias: State of Jefferson plan in California still far from serious His advertising and name-calling against potential future presidential rivals like Florida and Texax Govs. Ron DeSantis and Greg Abbott drew stares during the last campaign season, even though it cost him only a few hundred thousand dollars, a political pittance.His get-tough and get-active advice telling fellow Democrats to cease their consistent passively defensive stances and instead take cultural battles to Republican...

Questions remain in Bob Lee homicide case

Published Wed, 19 Feb 2025 20:55:58 GMT

SAN FRANCISCO (KRON) -- Cash App founder Bob Lee's accused killer will make his third court appearance Tuesday for an arraignment, and Nima Momeni's defense attorney says her client is not a murderer. The case has taken several strange twists since Lee was brutally stabbed to death in San Francisco nearly one month ago. Lee was an admired, wealthy, and successful figure in the Bay Area tech industry. He was a father of two, chief product officer of cryptocurrency company MobileCoin, and the former CTO of Square. The 43-year-old victim's close friends said he didn't have any enemies, and the homicide must have been a random act of violence. Homicide victim Bob LeeThe opposite turned out to be true when detectives pieced together a motive. Prosecutors said Lee was stabbed in the heart by someone he knew: a 38-year-old tech entrepreneur who lives in Emeryville. Momeni's younger sister, Khazar Elyassnia, was established as the link between the two men, District Attorney Brooke Jenk...

Insight Enterprises: Q1 Earnings Snapshot

Published Wed, 19 Feb 2025 20:55:58 GMT

CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Insight Enterprises Inc. (NSIT) on Tuesday reported first-quarter net income of $50 million.The Chandler, Arizona-based company said it had profit of $1.34 per share. Earnings, adjusted for amortization costs, were $1.78 per share.The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.The information technology provider posted revenue of $2.32 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $2.5 billion.Insight Enterprises expects full-year earnings in the range of $9.90 to $10.10 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSIT at https://www.zacks.com/ap/NSITSource

Textainer: Q1 Earnings Snapshot

Published Wed, 19 Feb 2025 20:55:58 GMT

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Textainer Group Holdings Ltd. (TGH) on Tuesday reported net income of $58.6 million in its first quarter.The Hamilton, Bermuda-based company said it had profit of $1.22 per share.The shipping container leasing company posted revenue of $194.9 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGH at https://www.zacks.com/ap/TGHSource

Perficient: Q1 Earnings Snapshot

Published Wed, 19 Feb 2025 20:55:58 GMT

ST. LOUIS (AP) — ST. LOUIS (AP) — Perficient Inc. (PRFT) on Tuesday reported first-quarter earnings of $26.8 million.On a per-share basis, the St. Louis-based company said it had profit of 75 cents. Earnings, adjusted for one-time gains and costs, were $1.04 per share.The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.04 per share.The information technology consulting firm posted revenue of $231.4 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $230.1 million.For the current quarter ending in June, Perficient expects its per-share earnings to range from $1.08 to $1.13.The company said it expects revenue in the range of $231 million to $237 million for the fiscal second quarter._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRFT a...