Lockheed Martin is cutting 4,000 jobs and shutting four Sunnyvale buildings as the defense contractor continues to look for ways to lower costs amid reduced government spending.
The university realized a month ago they will spend $4 million more than they have in the budget.
Multiple online outlets are reporting that Disney is shutting down the Bay video game division of LucasFilm and laying off a number of Bay Area employees.
Eleven air traffic control towers at small airports throughout California are on the Federal Aviation Administration’s list of nationwide facilities to be closed next month due to spending cuts.
At a UC Regents meeting, Governor Brown said more cuts can be expected despite voters approving his tax measure, Proposition 30, in November.
As many as 8-10 stations could close over the next few years after Measure Q failed in the November election.
Chipmaker Advanced Micro Devices Inc. has said it will cut nearly 1,800 jobs, about 15 percent of its workforce, by the end of the year in order to reduce spending in the face of dwindling sales.
Lower enrollment is forcing a 23-campus San Jose school district to eliminate 18 teaching positions.
The review found many flaws in what City College of San Francisco is doing as it struggles to remain accredited.
Things have gotten so bad for City College of San Francisco that it could be shut down next academic year. The Accrediting Commission for Community and Junior Colleges is expected to issue a report outlining CCSF’s prospects for the future later this week.