What is the Extent of the Layoffs at Cisco?
Cisco plans to lay off over 700 employees in the San Francisco Bay Area. This represents a significant portion of the company’s workforce in the region. The exact number of employees affected is expected to be around 729.
Tech Layoffs Continue as Cisco Plans to Cut 700 More Jobs
Cisco, a leading networking equipment company, has announced plans to lay off over 700 employees in the San Francisco Bay Area. The layoffs are part of a larger company-wide workforce reduction of 5% and are expected to impact employees in San Jose, Milpitas, and San Francisco. This news comes amid a challenging economic climate and a shift in Cisco’s business strategy towards software and services.
In Short
- Cisco Systems plans to cut about 729 jobs in the San Francisco Bay Area.
- The layoffs are part of a restructuring exercise announced earlier.
- The job cuts will impact San Jose, Milpitas, and San Francisco, California.