Location: San Jose, California, USA.
Based on news reporting.
Cisco Systems, Inc. has laid off approximately 350 employees as part of a restructuring initiative aimed at enhancing its focus on artificial intelligence. The layoffs occurred in October 2023, reflecting the company's strategic shift to adapt to evolving market demands. This decision comes amidst broader trends in the tech industry, where companies are reevaluating their workforce in light of technological advancements. The layoffs are expected to streamline operations and align resources with future growth areas. Cisco's actions underscore the competitive pressures within the tech sector as firms pivot towards AI capabilities.
Cisco Systems, Inc. cut 350 jobs as of October 1, 2023.
That is roughly 0.4% 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.
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