SFChronicle reports that the layoffs will affect a total of 842 jobs in the Bay Area, with 563 positions being cut at Cisco’s headquarters in San Jose, 145 in Milpitas, and 134 in San Francisco.
To that end, the company has spent 2023 breaking open its piggy bank. San Jose, Calif.-based Cisco has revealed plans for, or closed, nine technology acquisitions in the first nine months of 2023.
The tech giant is reshuffling employees from its large headquarter campus in San Jose and employees at Splunk's headquarters in San Francisco. Cisco is also cutting 842 jobs in the Bay Area.