Job Cut in the San Francisco Bay Area
Cisco Systems, a tech infrastructure firm, has announced plans to cut over 700 jobs in the San Francisco Bay Area. This decision is part of a larger restructuring exercise aimed at adapting to the changing dynamics of the tech industry. The layoffs are an indication of the post-pandemic economic challenges that the tech industry is grappling with. The company cites a cautious macro environment, customers’ ongoing absorption of high levels of product inventory, and continued weakness in the Service Provider market as reasons for the layoffs.
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.
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