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Tech layoffs jolt Bay Area economy with hundreds of new job cuts



SUNNYVALE — A high-profile aerospace and defense contractor and a semiconductor company were among the latest tech firms to chop jobs in the Bay Area, cutbacks that will erase more than 200 positions.

Lockheed Martin, Coherent, and Hinge Health, a tech company that provides online physical therapy, have decided to slash employment, according to official notices they filed with the state Employment Development Department.

Here are the details of the most recent tech industry layoffs, including the number of employees the companies intend to cut and the locations of the 206 Bay Area jobs that are being lost:

— Lockheed Martin, an aerospace and defense titan, 68 job cuts in Sunnyvale and Palo Alto. The layoffs are slated to become effective on June 10.

— Coherent, a semiconductor equipment maker, 61 layoffs in Santa Clara. These reductions are scheduled for June 10.

— Hinge Health, a tech company that provides online physical therapy such as joint and muscle care, 77 staff cutbacks in San Francisco. The layoffs are slated to occur June 11.

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