Cisco plans to layoff 350 employees in Silicon Valley: Report

NEW DELHI: US-based telecom gear maker Cisco plans to lay off 350 employees in Silicon Valley in October, according to a report by Seeking Alpha.

Telecom publication Light Reading, while citing the California Employment Development Department, noted that Cisco will reduce its headcount by 227 at its San Jose office and 123 employees in Milpitas by mid-October.