Cisco Systems Inc. (CSCO), a multinational technology conglomerate, will lay off 350 employees in Silicon Valley next month, in the tech giant's latest round of job cuts.
According to a filing with California's Employment Development Department last week, Cisco will lay off 227 people in San Jose, and another 123 in nearby Milpitas, Calif., effective Oct. 16.
The layoffs come at a time when the tech industry is facing a number of challenges, including a slowdown in revenue growth, inflation, supply chain disruptions, and a potential recession.
Cisco has a history of layoffs, particularly during economic downturns. In 2001, the company laid off 6,500 employees, or 15% of its workforce. In 2009, Cisco laid off 10,000 employees, or 10% of its workforce. In 2014, Cisco laid off 6,000 employees, or 7% of its workforce.
The latest round of layoffs at Cisco is a sign of the broader challenges facing the tech industry. Other tech giants, such as Meta, Twitter, and Netflix, have also announced layoffs in recent months.
Resources for Affected Employees
If you have been impacted by the layoffs at Cisco, or are looking for a job in web3 and AI, Metaintro is a great resource. With thousands of jobs posted monthly, it's a great place to start your job search.
Here are some additional tips for finding a job after being laid off:
- Update your resume and LinkedIn profile.
- Network with people in your field.
- Reach out to recruiters.
- Attend job fairs.
- Practice your interviewing skills.
Remember, you are not alone. Many people are laid off each year, and it is possible to find a new job. We're rooting for you!
