Overview
- California EDD notices list Cisco eliminating 221 roles, with 157 in Santa Clara County and 64 in San Francisco.
- Oracle will cut 101 positions in Santa Clara, and the filings state the layoffs are permanent.
- Recent disclosures show strong performance, with Cisco reporting $14.7 billion in fourth-quarter revenue and $56.7 billion for the year and Oracle posting more than $12 billion in profit.
- Cisco is expanding an AI infrastructure business that has booked more than $2 billion in orders, as CEO Chuck Robbins says the goal is higher productivity rather than headcount cuts.
- The notices update ongoing restructuring that included Cisco cutting more than 9,000 jobs last year and Oracle laying off 188 Bay Area workers and over 160 in Seattle last week, and neither company provided comment on the new filings.