This year's second round of layoffs at Cisco has rocked the organization. Employees apparently still don't know their destiny for weeks, even after the corporation announced the job layoffs in an SEC filing last week. Several Cisco staff members who talked with TechCrunch claim that the PC behemoth would not notify impacted staff members until September 16.

Cisco said last week in an SEC filing that it is reducing staff by 7%. The layoffs will result in a roughly 7% reduction in Cisco's workforce of 90,400, or the loss of about 6,300 positions. According to Cisco, the change would allegedly come with short-term expenses of around $1 billion. It has also been processing the acquisition of Splunk Inc. that it made earlier this year.

"Most toxic environment"

A Cisco employee who wished to remain anonymous told TechCrunch, "This has become the most toxic environment I've ever worked in." "Two layoffs of this magnitude in the same calendar year is beyond the pale."

The announcement comes after around 4,000 employees were affected by a previous wave of layoffs in February. In an effort to navigate a challenging economic climate, Cisco Systems said in February of this year that it would reduce its annual revenue target and lay off 5% of its global staff.

Layoff not for Profit

The Chief Financial Officer of Cisco, Scott Herren, stated in a Bloomberg interview that the goal of job reduction is not to increase profitability. He continued by saying that Cisco is freeing up resources in order to quickly expand into cybersecurity, cloud computing, and artificial intelligence-related technologies.

CEO and head of Cisco Chuck Robbins stated in a statement that the business intends to further incorporate Splunk into its offerings. According to Robbins, it would also merge its departments of networking, security, and cooperation under the direction of Jeetu Patel into a single entity. Robbins will now have executive vice president and general manager of Cisco Networking Jonathan Davidson as an adviser.