Flex, a global electronics manufacturing services provider, is laying off 31 employees at its Milpitas, California facility, with the cuts scheduled to take effect on January 6, 2024. This move is part of a broader wave of tech and finance industry layoffs in the Bay Area ahead of the holidays, as companies adjust to ongoing economic uncertainties. While the exact percentage of Flex's total workforce affected is not specified in the state filing, the layoffs are described as permanent. The company operates on a large scale, offering contract manufacturing across various industries.
