Coherent will eliminate more than 108 jobs in the Bay Area in a restructuring that points to widening layoffs in the tech sector.
The maker of high-tech lasers, optical gear, and other equipment said it is cutting the jobs in Fremont, the company stated in an official filing with the state Employment Development Department (EDD).
Coherent will chop 108 jobs at its Finisar subsidiary on Christy Street, the WARN notice with the EDD shows. According to the WARN notice, the tech company blamed weakening business conditions for the job cuts.
“This action is necessary due to a fall in business demand, which prompted a restructuring of operations with a focus on reducing business costs,” Shirley Reha, chief human resources officer with Coherent, wrote in the WARN letter.