Networking giant Cisco Systems Inc. will lay off 350 employees in Silicon Valley next month
More than 236,000 global technology-sector employees have been laid off since the start of the year, according to data compiled by the website Layoffs.fyi.
Networking giant Cisco Systems Inc. CSCO, +0.68% is among the tech companies making cuts. The company will lay off 350 employees in Silicon Valley next month, in its latest round of job cuts. The layoffs were revealed in a filing with California’s Employment Development Department last week.Earlier this month, streaming company Roku Inc. ROKU, -0.89% announced plans to lay off 10% of its staff. According to its most recent annual filing, Roku had about 3,600 employees as of the end of 2022.
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