Coherent

Coherent, a global leader in materials, networking, and lasers, laid off 196 employees at its Fremont, California facility in June 2023. This location houses its subsidiary Finisar, which manufactures optical communications components. The layoffs were part of a broader restructuring due to shifting business needs, contributing to a total of over 304 job cuts announced by the company in the Bay Area in 2023. These reductions occurred within the wider tech industry downturn, which saw tens of thousands of layoffs across the region throughout 2022 and into 2023.

Coherent, a manufacturer of high-tech lasers and optical equipment, is laying off 108 employees at its Finisar subsidiary in Fremont, California, as part of a restructuring effort. The job cuts, which are permanent and scheduled for May 15, 2023, are attributed to weakening business conditions and a decline in demand, prompting the company to reduce operational costs. This move reflects broader layoffs within the tech sector, where Bay Area companies have announced over 23,000 job eliminations since mid-2022. The affected employees were notified in March 2023.