Cisco Systems, in another brutal round of layoffs for the tech industry, will chop more than 4,200 jobs worldwide.
SAN JOSE — Cisco Systems, in another brutal round of layoffs for the tech industry, has sketched out plans to slash more than 4,200 jobs worldwide, the network equipment maker stated in a regulatory filing.
“Cisco announced a restructuring plan in order to realign the organization and enable further investment in key priority areas,” Cisco stated in the SEC filing. “This restructuring plan will impact approximately 5% of Cisco’s global workforce.” Posts on the EDD website show Ciscos’s job cuts have affected the company’s workers in San Jose, San Francisco and Milpitas, the WARN letters on file with the state labor agency show.
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