Job cuts do not come without significant costs for major companies

KCBS Bloomberg Tech and Business Report

This is KCBS Radio's daily Tech and Business Report. Today, KCBS Radio news anchor Holly Quan spoke with Bloomberg's Matthew Boyle.

Layoffs continue to hit the Bay Area hard, with Intel, Intuit and Nerd Wallet among the companies announcing job cuts over the past month. When companies let workers go, some pay severance. But Bloomberg took a look at the full cost of those layoffs, and found they extend way beyond those payments.

You can hear our Tech and Business Report weekdays at 12:30 pm on KCBS Radio and for more, tune into Bloomberg Technology weekdays at 8 am.