SAN JOSE — Altera will cut 82 jobs in north San Jose, according to an official notice the tech company filed with the state Employment Development Department.
The chipmaker stated the reductions would all occur around Oct. 8 at its headquarters at 101 Innovation Dr.
“Permanent employment losses for certain employees” will occur, Shiva Allen, an Altera vice president, wrote in the WARN letter the company sent to the state EDD.
Altera employees are not represented by a labor union, the company stated in the WARN notice.
“There is no provision in the company’s policy for transfer, bumping or reassignment for salaried, hourly or managerial employees,” Altera told the EDD in the filing.
The layoffs have emerged in the wake of Intel’s decision to sell a 51% stake in Altera to Silver Lake, a private equity investment firm that specializes in tech company acquisitions. The deal was completed in May and a new CEO took the reins of Altera around that time.
Despite the layoff announcement, signs have begun to emerge that job losses for the Bay Area tech industry are starting to abate.
Over the first six months of 2025, the Bay Area lost 18,300 tech jobs, according to seasonally adjusted estimates that Beacon Economics derived from the official monthly state EDD jobs reports for California and its metro regions.
Yet sharp contrasts have emerged in the pace of losses during the first three months of 2025 compared with the numbers for the next three months, this news organization’s analysis of the Beacon and EDD reports shows.
During January-through-March, the Bay Area lost a net total of 12,000 tech jobs. From April-through-June, the region lost 6,300.
The South Bay has lost 5,100 tech jobs in 2025. Of these, 5,000 came in the first quarter and 100 occurred in the second.
The San Francisco-San Mateo region slashed 9,000 tech jobs during the first half of 2025 – 5,000 in the first quarter and 4,000 in the second.
The East Bay shed 3,800 tech jobs over the first six months of 2025 with 1,700 in the first quarter and 2,100 in the second.