Home > Industry > Appointment & Jobs > Cisco Lays Off 500 Workers

Cisco Lays Off 500 Workers

Cisco Systems has laid off nearly 500 workers in its factories in San Jose, Milpitas and Bengaluru. It’s the company’s second round of layoffs in 12 months and comes after Cisco reported better-than-expected Q4 earnings.

Most of the cuts are in the company’s engineering division, with Cisco saying the layoffs are to ensure investments and resources are aligned with strategic growth areas of the business and customer demands.

Cisco, which produces routers, switches, software and services, last week reported Q4 earnings of US$2.21 billion. The company has also laid off dozens of employees at its Indian facilities, despite them being on the improve. It has more than 11,000 employees in India.

You may also like
Jaguar Boosts Electric Car Ops
Microsoft CEO “Disgusted” By Staff Celebrating Trillion Dollar Milestone
ASUS Moves To Sack Staff Despite Surge In Gaming & Business PC’s
ABC Plan To Cut 37 Techies
Apple To Pay $38bn In Tax, Investing $350bn Over 5 Years To US Economy