Cisco To Slash 350 Bay Area Jobs By October
In the second round of job cuts announced so far this year, the networking vendor is laying off 350 people in the Bay Area, with software engineering positions largely being targeted for elimination.
Cisco Systems is letting go 350 employees in Silicon Valley by next month.
The networking giant will lay off 227 employees in San Jose and 123 workers in Milpitas by Oct. 16. The largest number of layoffs at both locations are impacting software engineering positions, according to Worker Adjustment and Retraining Notifications (WARN) filed with the state of California.
The latest round of layoffs marks the second round of job cuts announced this year for the tech giant and the second round of cuts to Bay Area jobs.
“These recent notifications are part of the rebalancing effort we began in November 2022. As announced then, this is about prioritizing investments in our transformation and not about cost savings. Cisco has roughly the same number of employees as before the process began, and we continue to do everything we can to help place affected employees in open roles and offer extensive support including generous severance packages,” a Cisco spokesperson told CRN in an email.
The 350 employees were notified of the eliminations on July 17 and were able to choose Aug. 31 or Oct. 16 as their last day of work, the WARN notice said.
Cisco in January revealed that it was cutting 673 jobs in the San Francisco Bay Area as part of the tech giant’s plan to maximize cost savings it announced in 2022. The company eliminated 371 jobs at its San Jose location, 222 jobs in Milpitas and 80 in San Francisco, with the majority of the layoffs impacting software engineers, technical engineers, hardware engineers, product managers and supervisors, according to WARN notifications filed with the state of California in January. Employees were given the option of a February or March termination date.
The company last fall announced that it would lay off approximately 4,000 employees, or about 5 percent of its workforce, and reduce some of its real estate in an effort to right-size some of its business units, including the collaboration segment.
Cisco isn’t the only Bay Area giant revealing job cuts this month. Tech giant Google is reportedly cutting hundreds of jobs within its recruiting organization as the company pulls back on hiring, the company revealed last week.