{"id":160,"date":"2026-05-14T19:32:24","date_gmt":"2026-05-14T19:32:24","guid":{"rendered":"https:\/\/sanfranciscomovingguide.com\/?p=160"},"modified":"2026-05-14T19:32:24","modified_gmt":"2026-05-14T19:32:24","slug":"bay-area-tech-giant-cisco-to-cut-thousands-of-jobs-after-record-revenue","status":"publish","type":"post","link":"https:\/\/sanfranciscomovingguide.com\/?p=160","title":{"rendered":"Bay Area tech giant Cisco to cut thousands of jobs after record revenue"},"content":{"rendered":"<article>\n<div><\/div>\n<div>\n<p>Cisco announced another wave of mass layoffs on Wednesday, even as the Bay Area tech giant brings in record revenue and billions of dollars in profit.\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/sanfranciscomovingguide.com\/?p=158\">California\u2019s deadly mushroom outbreak reaches alarming new levels<\/a><\/p>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" alt=\"\" aria-hidden=\"true\" class=\"x1px y1px vh abs\" height=\"1\" src=\"https:\/\/cdn-channels-pixel.ex.co\/events\/0012000001fxZm9AAE?integrationType=DEFAULT&amp;template=design%2Farticle%2Fplatypus_two_column.tpl\" width=\"1\"\/><\/div>\n<div>\n<p>According to a memo from CEO Chuck Robbins that was published on Wednesday, the company is slashing \u201cfewer than 4,000 jobs,\u201d which amounts to less than 5% of its workforce. Employees will be notified starting Thursday, Robbins said, and the company will assist laid-off employees in \u201cfinding new opportunities.\u201d\u00a0<\/p>\n<\/div>\n<div><\/div>\n<div>\n<p>Though the company reported a record revenue of $15.8 billion in its latest third quarter report, Robbins said it is shifting more of its investments toward artificial intelligence.<\/p>\n<\/div>\n<div>\n<p>\u201cThe companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest. I\u2019m confident Cisco will be one of those winners,\u201d Robbins wrote. \u201cThis means making hard decisions\u00a0\u2014 about where we invest, how we\u2019re organized, and how our cost structure reflects the opportunity in front of us.\u201d<\/p>\n<\/div>\n<div>\n<p>Cisco\u2019s restructuring plan, which includes severance and termination benefits,\u00a0is expected to cost the company $1 billion, according to a U.S. Securities and Exchange Commission  The cost will be divided up between roughly $450 million in the fourth quarter of the 2026 fiscal year and the rest in 2027, the filing shows.<\/p>\n<p>Read more <a href=\"https:\/\/sanfranciscomovingguide.com\/?p=156\">Bay Area dad facing 3 years in prison after prank gone wrong<\/a><\/p>\n<\/div>\n<div>\n<p>Cisco, which is based\u00a0in San Jose, did not disclose which positions will be cut. California\u2019s Employment Development Department told SFGATE that it has not received a WARN filing from Cisco as of Wednesday. The document is generally required by the state in the event of mass layoffs.<\/p>\n<\/div>\n<div><\/div>\n<div>\n<p>This week\u2019s layoffs mark a continuing pattern at Cisco, with the company cutting jobs on the heels of blockbuster revenue reports. In August, approximately 221 Bay Area employees were laid off after Cisco announced its skyrocketing revenue. Cisco\u2019s layoffs also reflect a broader trend across the tech industry, as companies are shifting investments toward AI while downsizing their workforce.\u00a0<\/p>\n<\/div>\n<div>\n<p>Last week, the\u00a0San Francisco-founded cryptocurrency company\u00a0Coinbase announced that it plans to slash 14% of its workforce, or about 700 workers, in an effort to prioritize AI.\u00a0<\/p>\n<\/div>\n<div>\n<div>\n<div>More News<\/div>\n<\/div>\n<div>\n<p>\u2014 Coca-Cola to shut down California plant after 114 years<br \/>\u2014 Two bodies found in underground vault in downtown Fresno<br \/>\u2014 &#8216;Very contagious&#8217; parvovirus found throughout Northern Calif.<br \/>\u2014 3 straight polls show once-flailing Democrat now front-runner<\/p>\n<p>Read more <a href=\"https:\/\/sanfranciscomovingguide.com\/?p=154\">Calif. family sues OpenAI for allegedly causing teen\u2019s fatal overdose<\/a><\/p>\n<\/div>\n<div>\n<p><em>Sign up for\u00a0daily SFGATE breaking news alerts here.<\/em><\/p>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>The San Jose-based tech titan announced another round of sweeping layoffs this week.<\/p>\n","protected":false},"author":1,"featured_media":159,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bay Area tech giant Cisco to cut thousands of jobs after record revenue - San Francisco Moving Guide<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sanfranciscomovingguide.com\/?p=160\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bay Area tech giant Cisco to cut thousands of jobs after record revenue - San Francisco Moving Guide\" \/>\n<meta property=\"og:description\" content=\"The San Jose-based tech titan announced another round of sweeping layoffs this week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sanfranciscomovingguide.com\/?p=160\" \/>\n<meta property=\"og:site_name\" content=\"San Francisco Moving Guide\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-14T19:32:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn-channels-pixel.ex.co\/events\/0012000001fxZm9AAE?integrationType=DEFAULT&amp;template=design%2Farticle%2Fplatypus_two_column.tpl\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/#\\\/schema\\\/person\\\/feb53ea52c21047d75f8b4ee2c8bb8bf\"},\"headline\":\"Bay Area tech giant Cisco to cut thousands of jobs after record revenue\",\"datePublished\":\"2026-05-14T19:32:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160\"},\"wordCount\":447,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/e73cfa544cafd404e2d4787ca1738511.jpg\",\"articleSection\":[\"Interesting\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160\",\"url\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160\",\"name\":\"Bay Area tech giant Cisco to cut thousands of jobs after record revenue - San Francisco Moving Guide\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/e73cfa544cafd404e2d4787ca1738511.jpg\",\"datePublished\":\"2026-05-14T19:32:24+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/#\\\/schema\\\/person\\\/feb53ea52c21047d75f8b4ee2c8bb8bf\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160#primaryimage\",\"url\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/e73cfa544cafd404e2d4787ca1738511.jpg\",\"contentUrl\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/e73cfa544cafd404e2d4787ca1738511.jpg\",\"width\":2048,\"height\":1365,\"caption\":\"Cisco logo on freestanding sign in front of modern glass office building on a sunny day, San Francisco, California, March 25, 2026. (Photo by Smith Collection\\\/Gado\\\/Getty Images)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?p=160#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bay Area tech giant Cisco to cut thousands of jobs after record revenue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/#website\",\"url\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/\",\"name\":\"San Francisco Moving Guide\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/#\\\/schema\\\/person\\\/feb53ea52c21047d75f8b4ee2c8bb8bf\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/sanfranciscomovingguide.com\"],\"url\":\"https:\\\/\\\/sanfranciscomovingguide.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bay Area tech giant Cisco to cut thousands of jobs after record revenue - San Francisco Moving Guide","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sanfranciscomovingguide.com\/?p=160","og_locale":"en_US","og_type":"article","og_title":"Bay Area tech giant Cisco to cut thousands of jobs after record revenue - San Francisco Moving Guide","og_description":"The San Jose-based tech titan announced another round of sweeping layoffs this week.","og_url":"https:\/\/sanfranciscomovingguide.com\/?p=160","og_site_name":"San Francisco Moving Guide","article_published_time":"2026-05-14T19:32:24+00:00","og_image":[{"url":"https:\/\/cdn-channels-pixel.ex.co\/events\/0012000001fxZm9AAE?integrationType=DEFAULT&amp;template=design%2Farticle%2Fplatypus_two_column.tpl","type":"","width":"","height":""}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sanfranciscomovingguide.com\/?p=160#article","isPartOf":{"@id":"https:\/\/sanfranciscomovingguide.com\/?p=160"},"author":{"name":"admin","@id":"https:\/\/sanfranciscomovingguide.com\/#\/schema\/person\/feb53ea52c21047d75f8b4ee2c8bb8bf"},"headline":"Bay Area tech giant Cisco to cut thousands of jobs after record revenue","datePublished":"2026-05-14T19:32:24+00:00","mainEntityOfPage":{"@id":"https:\/\/sanfranciscomovingguide.com\/?p=160"},"wordCount":447,"commentCount":0,"image":{"@id":"https:\/\/sanfranciscomovingguide.com\/?p=160#primaryimage"},"thumbnailUrl":"https:\/\/sanfranciscomovingguide.com\/wp-content\/uploads\/2026\/05\/e73cfa544cafd404e2d4787ca1738511.jpg","articleSection":["Interesting"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sanfranciscomovingguide.com\/?p=160#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sanfranciscomovingguide.com\/?p=160","url":"https:\/\/sanfranciscomovingguide.com\/?p=160","name":"Bay Area tech giant Cisco to cut thousands of jobs after record revenue - San Francisco Moving Guide","isPartOf":{"@id":"https:\/\/sanfranciscomovingguide.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sanfranciscomovingguide.com\/?p=160#primaryimage"},"image":{"@id":"https:\/\/sanfranciscomovingguide.com\/?p=160#primaryimage"},"thumbnailUrl":"https:\/\/sanfranciscomovingguide.com\/wp-content\/uploads\/2026\/05\/e73cfa544cafd404e2d4787ca1738511.jpg","datePublished":"2026-05-14T19:32:24+00:00","author":{"@id":"https:\/\/sanfranciscomovingguide.com\/#\/schema\/person\/feb53ea52c21047d75f8b4ee2c8bb8bf"},"breadcrumb":{"@id":"https:\/\/sanfranciscomovingguide.com\/?p=160#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sanfranciscomovingguide.com\/?p=160"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sanfranciscomovingguide.com\/?p=160#primaryimage","url":"https:\/\/sanfranciscomovingguide.com\/wp-content\/uploads\/2026\/05\/e73cfa544cafd404e2d4787ca1738511.jpg","contentUrl":"https:\/\/sanfranciscomovingguide.com\/wp-content\/uploads\/2026\/05\/e73cfa544cafd404e2d4787ca1738511.jpg","width":2048,"height":1365,"caption":"Cisco logo on freestanding sign in front of modern glass office building on a sunny day, San Francisco, California, March 25, 2026. (Photo by Smith Collection\/Gado\/Getty Images)"},{"@type":"BreadcrumbList","@id":"https:\/\/sanfranciscomovingguide.com\/?p=160#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sanfranciscomovingguide.com\/"},{"@type":"ListItem","position":2,"name":"Bay Area tech giant Cisco to cut thousands of jobs after record revenue"}]},{"@type":"WebSite","@id":"https:\/\/sanfranciscomovingguide.com\/#website","url":"https:\/\/sanfranciscomovingguide.com\/","name":"San Francisco Moving Guide","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sanfranciscomovingguide.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/sanfranciscomovingguide.com\/#\/schema\/person\/feb53ea52c21047d75f8b4ee2c8bb8bf","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/sanfranciscomovingguide.com"],"url":"https:\/\/sanfranciscomovingguide.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/sanfranciscomovingguide.com\/index.php?rest_route=\/wp\/v2\/posts\/160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sanfranciscomovingguide.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sanfranciscomovingguide.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sanfranciscomovingguide.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sanfranciscomovingguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=160"}],"version-history":[{"count":0,"href":"https:\/\/sanfranciscomovingguide.com\/index.php?rest_route=\/wp\/v2\/posts\/160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sanfranciscomovingguide.com\/index.php?rest_route=\/wp\/v2\/media\/159"}],"wp:attachment":[{"href":"https:\/\/sanfranciscomovingguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sanfranciscomovingguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sanfranciscomovingguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}