Cisco, the San Jose-based technology giant, has announced another round of layoffs affecting Bay Area workers, marking a familiar pattern of reporting skyrocketing revenue followed by drastic job cuts.
According to Aug. 13 WARN filings with California’s Employment Development Department, the company will eliminate 221 positions across its Milpitas and San Francisco offices. WARN documents are generally required by the state in the event of mass layoffs.
Employees were notified of the layoffs on Aug. 14 and their terminations will be effective Oct. 13. The most cuts, affecting 157 jobs, largely in software engineering roles, were at Cisco’s Milpitas office at 560 McCarthy Blvd. Cisco’s San Francisco office at 500 Terry A. Francois Blvd. will cut 64 positions, according to the filing.
The filings came the same day Cisco released its fourth-quarter earnings, which reported $14.7 billion in revenue, an 8% increase from the same quarter last year. Revenue for the 2025 fiscal year was $56.7 billion, up 5% from the previous year.
https://www.sfgate.com/tech/article/bay-area-tech-titan-announces-layoffs-strong-20826542.php