A record within the Silicon Valley Business Journal mentions that the laid-off staff have long past to TheLayoff.com and Blind portal to put up about their task cuts.
Impacted through Cisco layoffs!” one company employee said on Blind. “Looking for fast (device engineering) referrals. Any assist could be sincerely liked. Thanks,” the affected employee added.
“Some requested for recommendations on new jobs, whilst some respondents sought after details about the severance applications the corporate was once providing,” the report says.
Cisco layoffs a “rebalancing” act
Reports about job cuts at Cisco first surfaced last month. It was claimed that the networking giant “is gearing as much as lay off over 4,000 staff in a rebalancing act” while “rightsizing positive companies”.
Earlier, Cisco said in a statement that the company “did not take this choice calmly, and we will be able to be offering the ones impacted through in depth fortify, together with beneficiant severance applications”.
Cisco chairman and CEO Chuck Robbins confirmed the job cuts but did not share any details on the same. We would “be reluctant to enter a large number of element right here till we are ready to speak to them. I might say that what we are doing is rightsizing positive companies,” he said.
“The people’s impact is difficult … it’s always a difficult decision, but we have a lot of opportunity,” he added.
Q1 2023 revenue up
The job cuts come about 45 days after the company posted its largest quarterly revenue total in its history during the first fiscal quarter of 2023 (Q1 2023) which ended October 29. Cisco’s revenue climbed 6% to $13.63 billion compared to $12.90 billion in the same period a year ago.
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