Trade War Hits Silicon Valley as Cisco Lays Off 5 Percent of Employees in San Jose, Milpitas

Despite quarterly revenues of $13.4 billion, a stock price that hit a five-year high last month and year-over-year growth of 6 percent, Cisco announced that it’s trimming its Silicon Valley engineering staff. The company is shedding nearly 500 employees—397 at its San Jose headquarters and 91 in Milpitas. It marks the second round of layoffs…

Trade War Hits Silicon Valley as Cisco Lays Off 5 Percent of Employees in San Jose, Milpitas — Hashtag.2017.09.02 via San Jose Community on Inoreader

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