LinkedIn, Cisco and Amazon are the latest tech companies laying off more workers
Key takeaways
- Job cuts are hammering the tech industry as companies ramp up investments in artificial intelligence.
- This week, San Jose-based tech company Cisco said it was cutting fewer than 4,000 jobs or less than 5% of its workforce.
- “This means making hard decisions — about where we invest, how we’re organized, and how our cost structure reflects the opportunity in front of us,” he told employees in the email, which was published on Cisco’s website.
A pedestrian walks by a sign at a Linked In office in San Francisco. (Justin Sullivan / Getty Images) By Queenie Wong Staff Writer Follow May 14, 2026 10:14 AM PT 4 min Click here to listen to this article Share via Close extra sharing options Email Facebook X Linked In Threads Reddit Whats App Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here.
Job cuts are hammering the tech industry as companies ramp up investments in artificial intelligence.
This week, San Jose-based tech company Cisco said it was cutting fewer than 4,000 jobs or less than 5% of its workforce. Cisco announced the layoffs the same day that the company reported that it grew its revenue to $15.8 billion and net income to $3.4 billion for the third quarter ending in April.