Oakland A’s Departure Leads to Mass Layoffs in Bay AreaOakland A’s Departure Leads to Mass Layoffs in Bay Area As the Oakland A’s prepare to depart for Las Vegas, the Bay Area economy is set to lose over 1,000 jobs. Official state documents have confirmed the layoffs, with hundreds attributable to the baseball team’s relocation. Details of Layoffs * Oakland A’s: 591 jobs lost, including 415 from the team and 176 from the catering company. * Moxion Power: 247 jobs cut in Richmond as the green battery company closes operations. * Vintage Wine Estates: 233 jobs eliminated at multiple locations in Wine Country. Economic Impact The departure of the A’s and the downsizing of Moxion Power and Vintage Wine Estates will have a significant impact on the Bay Area economy. The total number of lost jobs is estimated at 1,071. Factors Contributing to Layoffs * Oakland A’s Relocation: The team’s decision to build a new stadium in Las Vegas has led to layoffs in Oakland. * Bankruptcy of Moxion Power: The green-tech firm’s financial struggles have forced it to cut jobs. * Implosion of Vintage Wine Estates: The wine retailer’s bankruptcy has resulted in major layoffs. Timeline of Layoffs The A’s layoffs are expected to occur in early October. Moxion Power has already announced two rounds of layoffs, with the latest impacting 348 employees. Vintage Wine Estates’ layoffs are ongoing. Additional Information * The A’s plan to play in a minor league stadium in Sacramento for 2025 while their Las Vegas stadium is being constructed. * The team’s departure is seen as a major blow to Oakland’s economy and its reputation as a sports hub.
A lone fan watches the game between the Oakland A’s and the Houston Astros in Oakland on July 24, 2024.
Official state government documents show more than 1,000 jobs will be lost in the East Bay and elsewhere in the Bay Area, including hundreds of layoffs due to the threatened departure of the Oakland A’s.
The latest mass layoffs to threaten the Bay Area economy came amid the impending departure of Oakland’s baseball team, the bankruptcy of a wine-growing company and the implosion of a Richmond green-tech firm.
Moxion Power offices at the Ford Point complex on South Harbour Way in Richmond. (Moxion Power)
An estimated 1,071 Bay Area workers will lose their jobs due to the departure of one organization and the demise of two others, according to WARN letters to the state’s Employment Development Department.
The Oakland A’s, a catering company based at the Oakland Coliseum, green energy company Moxion Power and wine producer Vintage Wine Estates have all announced plans for major layoffs that will impact workers in the Bay Area.
Below are the details of the layoffs at these East Bay and Wine Country employers, according to WARN letters filed with the state EDD:
— The departure of the Oakland A’s will result in the loss of 591 jobs. Those include 415 layoffs by Athletics Investment Group, which does business as the baseball team; and 176 staff reductions by Bay Area Sports Catering, which provides concessions services during games at the ballpark.
— Moxion Power is cutting 247 jobs in Richmond as the green battery company closes its operations in the city’s East Bay. In addition to announcing in June that it would cut 101 jobs, Moxion Power has decided to cut 348 jobs in the city’s East Bay, where it is headquartered.
— Vintage Wine Estates is cutting 233 jobs in the Bay Area at multiple locations in the Wine Country regions of Sonoma County and Napa County. In regions near the Bay Area, the wine retailer is cutting more positions in Mendocino County and San Luis Obispo County.
The Oakland A’s, as part of their decision to build a new baseball stadium in Las Vegas, have indicated that the layoffs will take place sometime in early October.
The A’s baseball team wants to play its games in a minor league stadium in Sacramento for the 2025 season, while the baseball team wants to build and open a major league stadium in Las Vegas.
“In April 2024, we announced that 2024 would be our final season in Oakland, and as a result, there will be a reduction in staff,” Oakland A’s vice president of human resources Adam Scoggan said in a WARN letter to the state EDD.
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