OAKLAND — Layoffs at tech companies are set to eliminate hundreds of jobs in the Bay Area, a worrying new round of layoffs that could shake up the region’s main economic engine.

Malwarebytes, Shift Technologies, Robinhood Markets and Rivian Automotive have notified the state employment agency that they are embarking on cuts that are expected to cut about 450 Bay Area jobs, according to official notices filed. with the government.

Here is the local impact of the layoffs that are underway following several job cuts at technology companies, which total 453 positions. The layoffs were detailed in WARN notices filed with the state Department of Employment Development:

– Rivian Automotive, an Irvine-based electric vehicle maker, plans to cut 208 jobs at multiple sites in Palo Alto.

– Robinhood Markets, a financial services technology, or fintech, company is cutting 146 jobs in Menlo Park, the town where Robinhood is based.

— San Francisco-based Shift Technologies, which operates an online e-commerce marketplace for used car sales, is cutting 52 jobs in Oakland.

– Santa Clara-based Malwarebytes, an internet security company specializing in protecting personal computers, smartphones and businesses from malware and other digital threats, is cutting 47 jobs at its Santa Clara headquarters, as part of a an overall reduction of 125 positions across the company. .

The layoffs came at a time when several tech titans, including Google, Amazon, owner of Facebook app Meta Platforms, Netflix and Apple, revealed plans to slow their hiring pace. Amazon and Netflix, however, each launched actual job cuts.

Amazon’s total workforce fell by 99,000 between the end of March and the end of June worldwide.

Los Gatos-based Netflix has cut about 500 jobs this year, including full-time workers, part-time workers and contractors. Netflix’s layoffs include the loss of just over 100 jobs in Los Angeles.

Malwarebyte’s job cuts took effect August 15, the company said in the WARN notice.

Rivian said its workforce reductions would take effect Oct. 7, Robinhood said its job cuts would be effective by Oct. 1, and Shift said its layoffs would be in place by Oct. 8.

Electric vehicle maker Rivian blamed inflation and rising costs for its layoffs, saying it needed to take steps to save money to weather the financial crisis.

Some Malwarebytes employees took to the social network LinkedIn to alert people that they had lost their jobs, using a hashtag #layoffs.

“Due to the #layoffs at Malwarebytes today, I am looking for a new role and would appreciate your support,” a Malwarebytes employee posted on LinkedIn.

The cuts at Shift Technologies took place following the company’s acquisition of CarLotz, a vehicle retailer. The agreement gives the new company Shift and CarLotz a presence in the vehicle transaction markets through e-commerce and in-person meetings.

However, the transaction also appears to have created layoffs.

“Reducing front-line roles and corporate positions by 60%, in remote and central locations, and reducing corporate overhead” are among the consequences of the merger, Shift said in an article on its website.

Shift Technologies also decided to make layoffs in the California cities of Sacramento, San Diego, Carson and Whittier, in addition to the Oakland cuts.

“We deeply regret the impact this downsizing will have on our employees and their families,” Tracy Notte, director of human resources at Shift Technologies, wrote in the WARN letter to EDD.