Location: Bay Area, California.
Based on news reporting.
Cisco Systems, Inc. has laid off over 300 employees in the Bay Area despite reporting earnings of $13.8 billion. The layoffs come as part of a restructuring effort aimed at streamlining operations and improving efficiency. This decision has raised eyebrows given the company's strong financial performance, highlighting a disconnect between profitability and workforce reductions. The affected employees were primarily in various roles across the region, although specific departments were not disclosed. This move reflects ongoing challenges in the tech industry as companies adjust to changing market conditions.
Cisco Systems, Inc. cut 300 jobs as of October 1, 2023.
That is roughly 0.3% of the 90,400 people Cisco Systems, Inc. employs.
LayoffTalk has tracked 15 layoff events at Cisco Systems, Inc. since October 2023, affecting a combined 9,842 employees.
Anonymous by default. Be kind — people reading this may be going through it right now.
Cisco Systems, Inc. cut 300 jobs on October 1, 2023. If you were part of this round, what was your experience? Others going through it are reading. You can post anonymously below.
Share your story anonymously — it helps others reading this feel less alone.
Share your story →Recent tracked events at this company.