Business
Cisco’s Mass Layoffs Will Affect Hundreds Of Bay Area Techies
(CTN News) – It is expected that Cisco Systems will lay off hundreds of employees in the South Bay in the coming months, making them the latest technology company to do so.
A company document filed with the California Employment Development Department indicates that the company intends to lay off 227 employees in San Jose and 123 employees in Milpitas by Oct. 16, 2023.
On July 17, 2023, 350 employees were informed of the impending eliminations, and they had the option of choosing either Aug. 31 or Oct. 16 as the date on which they would be terminating their employment, based on the documents that had been provided to them.
While the Cisco layoff notices were sent to the EDD on Tuesday, the workers had already been notified of their layoffs in July, so the EDD did not receive the notices until Tuesday.
About 50 positions were eliminated at the Milpitas facility located at 560 McCarthy Blvd., as well as about 70 positions at the San Jose facility located at 170 West Tasman Drive.
According to the WARN notice, one of the largest numbers of layoffs at both Cisco South Bay offices occurred in the software engineering department.
This year, the company announced that it would be laying off nearly 700 workers in the Bay Area, including 70 workers at its facility in San Francisco, for reasons related to “business restructuring”, as reported by SFGATE earlier this year.
It was announced at the end of November 2022 that the company was planning to lay off 4,000 employees worldwide in order to reduce its costs and reduce expenses.
The tech giant also announced this week that it would lay off hundreds of employees this week, delivering the news on Wednesday.
Intel, LinkedIn, Wish, and a number of other Bay Area companies have also announced mass layoffs in recent months.
There have been 1,012 Cisco layoffs that have taken place around the world this year, with a total of 235,639 employees departing from tech companies as a result of the COVID-19 pandemic, according to data provided by Layoffs. fyi, a website that documents tech company layoffs.
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