The massive tech layoffs that have jolted the Bay Area job market have primarily affected non-tech employees.
SAN JOSE — The massive tech layoffs that have jolted the Bay Area job market have primarily affected non-tech employees of the companies that have orchestrated the local job cuts, a new report released Tuesday states.
“Even as the tech sector’s resilience was tested in 2022, the region continues to lead with the largest tech talent labor pool and highest number of tech roles of any U.S. market,” stated the new “Scoring Tech Talent” report from CBRE, a commercial real estate firm. In 2021, annual tech wages averaged $185,425 in the Bay Area, $172,009 in Seattle and $121,794 in Boston, CBRE determined.
“Many Bay Area tech employers slowed hiring and made staff reductions, but most layoffs are affecting non-tech roles like marketing, finance and recruiting,” said Chris Shephard, an executive vice president in CBRE’s tech and media practice.
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