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Cisco Announces Mass Layoffs Just After Soaring Revenue Report

2 months 2 weeks ago
Cisco, the San Jose-based technology giant, has announced another round of layoffs affecting Bay Area workers, marking a familiar pattern of reporting skyrocketing revenue followed by drastic job cuts. From a report: According to Aug. 13 WARN filings with California's Employment Development Department, the company will eliminate 221 positions across its Milpitas and San Francisco offices. WARN documents are generally required by the state in the event of mass layoffs. Employees were notified of the layoffs on Aug. 14 and their terminations will be effective Oct. 13. The most cuts, affecting 157 jobs, largely in software engineering roles, were at Cisco's Milpitas office at 560 McCarthy Blvd. Cisco's San Francisco office at 500 Terry A. Francois Blvd. will cut 64 positions, according to the filing. The filings came the same day Cisco released its fourth-quarter earnings, which reported $14.7 billion in revenue, an 8% increase from the same quarter last year. Revenue for the 2025 fiscal year was $56.7 billion, up 5% from the previous year.

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msmash

Congressman proposes bringing back letters of marque for cyber privateers

2 months 2 weeks ago
Bill would let US President commission white hat hackers to go after foreign threats, seize assets on the online seas

It's been more than 200 years since the United States issued a letter of marque allowing privateers to attack the vessels of foreign nations, but those letters may return to empower cyber operators if a bill introduced in Congress actually manages to pass. …

Brandon Vigliarolo

Microsoft Re-joins Handheld Gaming Fight Against Nintendo's Switch

2 months 2 weeks ago
Gaming handhelds are becoming the industry's new battleground as Microsoft launches its ROG Xbox Ally devices October 16, chasing Nintendo Switch 2's record-breaking 5.8 million units sold in seven weeks. The ASUS-manufactured handhelds run full Windows 11 with a gaming-optimized interface, accessing Xbox Game Pass, Steam, Battle.net, and other PC storefronts without platform lockdown. Two models arrive at launch: the standard Xbox Ally with AMD Ryzen Z2 A processor and the premium Xbox Ally X featuring Ryzen AI Z2 Extreme, 24GB RAM, 1TB storage, and 80Wh battery. Microsoft's Handheld Compatibility Program pre-verifies thousands of PC games for portable play. Pricing remains unannounced.

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msmash

Transatlantic chip war fizzles as EU and US framework confirms 15% tariff cap

2 months 2 weeks ago
US pulls back from Trump's threatened 100% levy but not everyone pleased at Europe's concessions

World War Fee  The US and European Union have fleshed out details on their sweeping trade deal, promising billions in AI chip sales, a 15 percent tariff cap on key sectors including autos and semiconductors, and a framework for digital rule-making that could reshape the transatlantic tech industry.…

Carly Page