Updated: Sep 11, 2020
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The coronavirus pandemic and shelter-in-place orders have taken a heavy toll on the Bay Area economy, with more than 92,000 layoffs in just over two months, according to a Chronicle analysis. More than 2% of the Bay Area's approximately 4.1 million jobs have been lost.
Hotels, restaurants and retailers have been the hardest hit, accounting for more than half of layoffs. Virtually every major hotel chain, from Marriott to Hyatt to the Four Seasons, was hit. Major retail chains like Lacoste, Dick's Sporting Goods, Abercrombie & Fitch, Zara and H&M had mass layoffs as they were forced to close under health orders. Major tech companies including Lyft, Zenefits, Lending Club and GoPro, along with smaller startups, have had nearly 10,000 layoffs. (Uber is laying off 3,700 globally, Airbnb is laying off nearly 1,900, Yelp is laying off 1,000 and Juul is laying off 900, but it isn't currently clear how many of those lost jobs were in the Bay Area.)
Real estate, particularly construction companies, had nearly 8,000 layoffs, though some contractors said they rehired workers as shelter-in-place orders were eased in May to allow all types of building again. Many layoffs were classified as temporary in state filings, but it's unclear when and how many workers will be rehired as shelter-in-place orders continue in the Bay Area. Few businesses have been spared, and with dozens of new layoff notices every day, there's no end in sight.