Bay Area home builder lays off 30% of employees

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The San Mateo-based company uses technology to produce cost-efficient prefab walls for construction.

Smith Collection/Gado/Gado via Getty ImagesSan Francisco Business TimesVeev uses technology to produce cost-efficient prefab walls for construction. The San Mateo-based company confirmed to SFGATE the layoffs will impact 30% of its workforce and Veev said it will provide affected employees with severance and career support to find new employment.

“The company is focused on long-term, sustained growth, and the decision was made to focus resources on the development of its single-family home product in the Bay Area,” a spokesperson told SFGATE.It's a tumultuous time for Bay Area companies as almost every business sector lays off employees amid economic uncertainty. Aside from the massive

 

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