Business

Business

Amid ‘unprecedented’ unemployment numbers, Silicon Valley feels blow slightly softer

California is seeing record unemployment numbers, with the largest single month of job losses ever recorded and a 15.5 percent unemployment rate in mid-April, about a month after the state began sheltering-in-place due to the novel coronavirus pandemic. But the blow has been a little softer overall in Silicon Valley, local experts say. The unemployment...

Santa Clara County retailers to reopen for curbside pickup, but there’s a catch

After growing pressure from Silicon Valley businesses desperate to get back to work, Santa Clara County health officials on Monday made the highly-anticipated decision to allow certain retailers to open for curbside pick-up. The announcement Monday aligns Santa Clara County — along with four Bay Area counties and Berkeley — with the state’s revised shelter-in-place...

Major layoffs in Silicon Valley hit Team San Jose, Goodwill and car dealers

Coronavirus-linked layoffs have soared in Silicon Valley in recent months, affecting more than 21,000 employees across 26 companies in March alone, according to a San José Spotlight analysis of data from the state’s Employment Development Department. Industries with the most layoffs were retailers, restaurants, hotels, the arts and entertainment sector, personal care services and gyms....

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