Cisco to Cut Hundreds More Bay Area Jobs
Second Round of Layoffs Announced
Disquieting News for Bay Area Tech Industry
San Jose, CA—WEB tech giant Cisco announced plans to cut hundreds more Bay Area jobs, confirming a worrying trend for the region's tech industry.
The announcement comes after a company-wide layoff that included over 4,000 positions. Cisco Systems, one of the largest makers of computer networking equipment, had 84,900 employees as of July 2023. Based on that figure, the latest round of job cuts will affect approximately 7% of the workforce.
This is particularly concerning for the Bay Area, which has been a hub for tech giants in recent decades. The region is already reeling from the recent layoffs announced by Meta, Twitter, and other tech companies.
It remains to be seen what the long-term impact of these layoffs will be on the Bay Area's economy and job market. However, it is clear that the region's tech industry is facing significant challenges in the current economic climate.
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