Cisco has started laying off thousands of employees about a month after the tech giant announced this year's second round of job cuts, a report has said. While the company confirmed the job cuts in an SEC filing in August,

Given that Cisco indicated in Aug 2024 that it intended to reduce staff but withheld information regarding which individuals and departments would be impacted, these recent layoffs are surprising

These layoffs reflect a broader trend in the technology sector, where many firms are cutting jobs in response to economic pressures and reduced demand. In 2024 alone, over 136,000 employees across 422 tech companies have been affected by layoffs. Cisco, which employed roughly 85,000 people before these cuts, is among them, the report said.

U.S. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. The technology and networking company announced in August that it would reduce its headcount by 7%, or around 5,

Cisco is laying off more than 800 workers in the Bay Area, according to WARN documents. The layoffs will slam San Jose, Milpitas and San Francisco offices.

Cisco is planning to lay off around 7% of its workforce, marking its second major layoff this year. The company is facing declining demand and high costs as it invests in AI. The layoffs, expected to be announced next week,

IBM, meanwhile, is cutting 58 San Francisco workers. The New York company has not said how many total employees it plans to let go, but in addition to slashing employees in The City, it’s also laying off 54 people in San Jose, according to letters its representatives sent to the state Employment Development Department.

Cisco Systems has finally revealed the extent of its second round of mass layoffs this year, revealing the impact on its workforce in the Bay Area. The tech giant announced last month that it would cut 7% of its global workforce,

Cisco has begun laying off 5,600 employees, impacting 7% of its workforce. The restructuring aims to boost efficiency despite the company reporting strong 2024 earnings of nearly $54 billion.