New York: Tech conglomerate Cisco has laid off nearly 700 employees in the US.
The US-based firm confirmed to the news portal SFGATE that it has cut nearly 700 positions in the Bay Area, including 80 in its San Francisco offices in the US on January 7.
According to the news portal, this layoff is part of the company’s “limited business restructuring” announced in November last year.
The report said that at Cisco’s headquarters in San Jose, 371 workers were affected, including two Cisco vice presidents, while at the Milpitas office, 222 workers were asked to go, primarily engineers and technical employees.
Cisco spokesperson told SFGATE in November that the layoffs were not “about reducing our workforce.”
She told SFGATE in an emailed statement, “we’ll have roughly the same number of employees at the end of this fiscal year as we had when we started.”
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