Cisco to cut 471 jobs in California Bay Area offices as part of broader workforce reduction
By
Queenie Wong
Summary
Cisco is laying off 471 workers across three Bay Area offices in California, part of a broader plan announced in May to cut fewer than 4,000 jobs (less than 5% of its workforce). The layoff notices were filed with the California Employment Development Department. The job cuts come amid the AI boom, which has driven increased investments in data centers and commercial real estate shifts in the tech sector.
Source
bskyCisco to cut 471 jobs in California Bay Area offices as part of broader workforce reductionlatimes.comKey quotes
· 3 pulledThe company, which provides networking devices along with other services including video conferencing and cybersecurity, told employees in May that it was going to cut fewer than 4,000 jobs or less than 5% of its workforce.
The notices, processed by the California Employment Development Department this week, provide more details about what jobs Cisco will cut in California.
The artificial-intelligence boom has fueled more investments in data centers, commercial r
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