After laying off nearly 4,000 people last year, Cisco recently announced anotherretrenchment350 people. Although the scale is no longer as large as before, it also reflectssilicon ValleyThe process of layoffs has not stopped.
According toCaliforniaLabor officials have obtained documents that show Cisco plans to lay off 227 people in San Jose and 123 in Milpitas, effective Oct. 16.
The major network equipment maker said last year it would lay off about 5% of its workforce, equivalent to about 4,000 people losing their jobs. In addition, California government documents show that the company also implemented a downsizing policy in Silicon Valley in March this year, affecting about 700 people.
A Cisco spokesperson told media platform People Matters that the company had a strong first quarter and to take advantage of future opportunities, “We continue to evaluate our priorities to ensure we invest in future growth.” and unlock new opportunities, while also maintaining financial stability.” Discipline.”
Additionally, last week, Google’s parent company Alphabet was also reported to be laying off hundreds of employees in its global recruiting team, but the company said it would retain most of the staff to help recruit for key positions. This is the second time Alphabet has reported layoffs this year.
According to Reuters report, Alphabet has decided to lay off employees mainly to reduce operating costs. The exact number of employees is not clear. The company laid off 12,000 employees in January this year, which is about 6% of its workforce.
Finance(TagstoTranslate)Layoffs(T)California(T)Silicon Valley
