April 17, 2024

Grand Depart

Experienced In Technology

Cisco, other tech companies chop Bay Area jobs in fresh layoffs

2 min read
Cisco, other tech companies chop Bay Area jobs in fresh layoffs
Cisco, other tech companies chop Bay Area jobs in fresh layoffs
Credit: Pixabay/CC0 Public Domain

Cisco Systems has revealed plans to chop hundreds more Bay Area jobs in a disquieting suggestion that the region’s tech layoffs have yet to run their course.

The tech titan reported that it plans to jettison 350 jobs on or around Oct. 16, affecting workers in San Jose and Milpitas, according to official filings with the state Employment Development Department.

Cisco has decided to lay off 227 workers in San Jose and another 123 employees in Milpitas, the EDD filings show.

All told, Cisco has cut slightly over 1,000 jobs in the Bay Area in two major rounds of job cuts.

In March, Cisco eliminated 673 jobs, affecting workers in San Jose, Milpitas and San Francisco, prior EDD filings show.

Other tech companies have recently revealed layoffs in the Bay Area:

  • ContextLogic, an online e-commerce platform that does business as Wish, reported to the EDD that it had decided to eliminate 152 jobs in San Francisco.
  • Planet Logic PBC, a satellite imaging technology company, is cutting 85 jobs in San Francisco.

Starting in January 2022, when the current era of post-coronavirus tech layoffs began, tech companies have disclosed plans to eliminate more than 27,900 jobs in the Bay Area, this news organization’s analysis of the EDD filings shows.

San Jose-based Cisco’s WARN letters were dated July 17, although the EDD posted the layoff information on Sept. 12, according to the notices Cisco sent to the state labor agency.

Cisco had previously publicly revealed its intentions to conduct job cuts worldwide but didn’t specify how many employees might be affected in the Bay Area. The WARN letters didn’t state whether these local layoffs were part of those prior disclosures.

“This action is expected to be permanent in nature,” Saidah Grayson Dill, a deputy general counsel with Cisco Systems, stated in the WARN letter to the EDD, language that Dill used in the WARN notices for both the San Jose and the Milpitas job cuts.

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Citation:
Cisco, other tech companies chop Bay Area jobs in fresh layoffs (2023, September 18)
retrieved 22 September 2023
from https://techxplore.com/news/2023-09-cisco-tech-companies-bay-area.html

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