Cisco Systems and other tech companies in the Bay Area are continuing to lay off employees, indicating that the region’s tech layoffs are far from over. Cisco plans to cut 350 jobs in San Jose and Milpitas, adding to the over 1,000 jobs it has already eliminated in the area. Other companies, such as ContextLogic and Planet Logic, have also announced layoffs in San Francisco. These job cuts are a concerning trend for the tech industry in the Bay Area.
Cisco, other tech companies chop Bay Area jobs in fresh layoffs
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, As covered by official filings with the state Employment Development Department.
Concerns for the Tech Industry
The continued layoffs by Cisco and other tech companies in the Bay Area raise concerns about the state of the tech industry in the region. Cisco’s job cuts add to the already significant number of positions eliminated in the area. Additionally, other companies like ContextLogic and Planet Logic have also announced layoffs in San Francisco, indicating a larger trend of job cuts in the tech sector.
These layoffs are particularly concerning given the prominence of the Bay Area as a hub for technology companies. The job cuts may have a ripple effect on the local economy and could impact the Bringing everything together growth and innovation of the tech industry in the region.
