Cisco Layoff 488 Employees In Califonia
Cisco Systems Inc has deiced to fire 488 employees in the Califonia area.
There are 91 Cisco employees being laid-off at their Milpitas locations. While another 391 employees will be laid-off from the headquarters in San Jose.
The primary reason for the layoffs is the fact that Cisco Systems Inc is shifting to software. In fact, going forward there will be many more people laid-off if they are doing hardware-related work for Cisco.
“It’s important that we make decisions to continually ensure that our investments and resources are aligned with strategic growth areas of the business and customer demands.” – Chuck Robbins, CEO
Cisco Systems Inc also emphasized that some of the people that were laid-off will be re-hired in the future.