Cisco to chop 350 jobs in newest spherical of layoffs

Cisco Systems Inc. will lay off 350 staff in Silicon Valley subsequent month, within the tech big’s newest spherical of job cuts.

According to a submitting with California’s Employment Development Department final week, Cisco
CSCO,
-0.59%
will lay off 227 individuals in San Jose, and one other 123 in close by Milpitas, Calif., efficient Oct. 16.