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Cisco Layoffs Begin With Hundreds Of Job Cuts

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Cisco Has already announced layoffs and cut more than 700 job opportunities across Silicon Valley.

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Cisco executives announced the company's executives announced a "limited business restructuring" in November.

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They said it could affect about 5 per cent of Cisco's CSCO, +3.07% global workforce of 80,000, equivalent to 4000 employees.

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The documents filed with California's Employment Development Department appear to be the first filed in California since the announcement.

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The layoffs are spread across various departments and cover positions in hardware and software engineering programs management and product design, marketing and much more.

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The number of employees affected by headquarters of the firm's San Jose, Calif. headquarters is 371, and the company is losing 222 employees' jobs in nearby Milpitas.

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At the same time, 80 staff are cut at Milpitas, the headquarters of the firm's San Francisco office, according to filings made by the State.

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The notices indicated that employees were notified in the middle of December and given the option of having an effective end date of March 13 or February 1.

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