Cisco is cutting 471 jobs across three California offices, placing another major Silicon Valley employer at the center of a painful but familiar story in the Bay Area’s technology economy.
The job cuts are expected to affect workers in San Jose, Milpitas, and San Francisco, according to layoff notices filed in California. For a company long seen as one of the anchors of Silicon Valley’s networking industry, the layoffs are more than a corporate staffing update. They are a sign of how quickly large technology companies are redrawing their workforces around artificial intelligence, cybersecurity, infrastructure demand, and leaner operating models.
We are watching a shift that reaches far beyond one company. The Bay Area is no longer only dealing with the old boom-and-bust cycle of tech hiring. It is now dealing with a new kind of restructuring, where profitable companies can post strong results, point to booming demand, and still reduce jobs that no longer fit the next version of the business…