SAN JOSE — Cisco Systems, in a fresh bout of layoffs, has revealed plans to slash more than 700 Bay Area tech jobs, an ominous hint that the technology industry’s post-coronavirus economic maladies have yet to abate.
The most recent layoffs disclosed by the tech titan will affect Cisco workers in San Jose, Milpitas and San Francisco, according to official WARN notices the company sent to the state Employment Development Department.
Cisco intends to cut about 729 jobs in the Bay Area, the WARN letters show. Here are the details of Cisco’s Bay Area layoffs:
— San Jose, 447 job cuts.
— Milpitas, 174 layoffs.
— San Francisco, 108 staff reductions.
The numbers are estimates based on a review by this news organization of the three WARN letters that Cisco sent to the state EDD and local government and workforce agency officials. The Cisco WARN letters contain a string of itemized job losses based on work titles but no overall aggregate total.
San Jose-based Cisco notified employees of the pending layoffs on Feb. 15, the WARN notices state.
The job cuts are slated to take effect on April 15 of this year, according to the EDD documents.
Several other tech companies besides Cisco have revealed plans for job cuts in recent weeks.
Here are the five most recent layoff disclosures before the latest Cisco layoffs that involve tech workers in the Bay Area:
— Instacart, 105 job cuts in San Francisco.
— Riot Games, 6 layoffs in Redwood City.
— Aurora Solar, 115 staff reductions in San Francisco.
— Grammarly, 82 job cuts in San Francisco.
— Pure Storage, 81 layoffs in Santa Clara.
Starting in early 2022, when the current cycle of tech layoffs began, high-tech companies have revealed plans to eliminate more than 37,100 jobs in the Bay Area.
So far in 2024, tech companies have reported to the EDD their intentions to slash more than 5,200 jobs in the Bay Area, according to this news organization’s compilation of the state labor agency’s WARN records.
In 2023, tech companies disclosed plans to chop nearly 21,600 jobs in the nine-county region. In 2022, tech job cuts in the Bay Area topped 10,300.
Including Cisco’s cutbacks, these are the five tech companies that have cut the most jobs in the Bay Area, based on filings posted by the EDD in 2022, 2023 and so far in 2024:
— Facebook app owner Meta Platforms, 5,195 job cuts in Menlo Park, San Francisco, Burlingame, Sunnyvale and Fremont.
— Google, 2,457 staff reductions in Mountain View, Moffett Field, San Bruno, Palo Alto and San Francisco.
— Cisco Systems, 1,729 layoffs in San Jose, Milpitas and San Francisco.
— Broadcom, 1,267 job cuts in Palo Alto.
— Salesforce, 1,202 layoffs in San Francisco.
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Cisco’s most recent disclosures of job cuts are being revealed on the heels of a Feb. 14 regulatory filing that the tech titan had decided to slash 5% of a worldwide workforce that in July 2023 totaled 84,900.
A 5% cutback would equate to a loss of about 4,200 Cisco workers worldwide.
The new WARN letters detail for the first time the Bay Area impact of Cisco’s global cutbacks.
“This action is expected to be permanent in nature,” Saidah Grayson Dill, Cisco deputy general counsel, wrote in the WARN letters Cisco sent to the EDD.
