https://mondo.com/insights/mass-layoffs-in-2022-whats-next-for-employees/
4 replies (most recent on top)
560 McCarthy Blvd., Milpitas is mostly engineering roles.
"Cisco’s filing showed that the majority of the layoffs that the company is planning affect software engineers, technical engineers, hardware engineers, product managers and supervisors"
Which division is that exactly?
Not mass but more planned in SJ - looks like Feb 3rd …
https://www.siliconvalley.com/2023/01/04/cisco-layoff-job-cut-tech-bay-area-milpitas-facebook-twitter-economy/amp/
Nice click-bait title...
What is a mass layoff?
A “mass layoff” can be defined when the following occurs:
When at least 50 employees are laid off within 30-days or less resulting in the laid-off employees equaling more than one-third of the company’s workforce
500 employees are laid off within 30-days or less, no matter how large the company’s workforce
Let's face it.. many companies in the tech sector over hired in the past few years and now there is a correction occurring.
The sky is not falling.