Jabil Circuit Inc., one of the Tampa Bay area's largest high-tech employers, has laid off 120 employees from its St. Petersburg operation.
Jabil's business "naturally fluctuates with the business demands of our customers, many of whom have seen a downturn in their businesses,'' the company said in a statement.
The electronics manufacturing company employs 75,000 at more than 50 facilities in 22 countries. Nearly 1,900 workers are in Pinellas County, where Jabil has its headquarters and manufacturing plant.
Under a shroud of secrecy, Pinellas County and St. Petersburg officials in June approved millions of dollars in tax incentives to persuade Jabil to keep the company here.
Most of the $34.4-million incentive package will come from the state. The city will contribute $12.7-million and the county about $1.7-million in grants, tax refunds and new road and utility improvements benefitting Jabil.