Location: Bay Area, CA.
Based on news reporting.
Cisco Systems, Inc. has announced layoffs affecting over 300 employees despite reporting a significant revenue surge of $14.7 billion in Q4. The decision to reduce its workforce comes as the company aims to streamline operations and adapt to changing market conditions. This move reflects a broader trend in the tech industry, where companies are adjusting their workforce in response to economic pressures. The layoffs are part of a strategic effort to enhance efficiency and focus on key growth areas, although specific departments and locations affected have not been disclosed.
Cisco Systems, Inc. cut 300 jobs as of October 30, 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.
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