Cisco Systems, the nation’s biggest maker of computer networking equipment, began a new round of layoffs this week in the Triangle as part of a previously announced global restructuring that’s expected to trim 6,000 jobs globally.
The San Jose-Calif.-based technology company confirmed it began cutting positions at its Research Triangle Park campus and throughout North America. The cuts, designed to align Cisco’s workforce of 75,000 with emerging technology markets, will continue over the next several months and could trim the company’s ranks by as much as 8 percent.
Cisco was approved this summer to receive $12.9 million in hiring incentives in North Carolina for adding a planned 550 jobs. The incentive package requires Cisco to fill vacancies caused by layoffs before the company can count new hires toward its 550 total.
Cisco recently completed another restructuring that claimed some 3,400 jobs locally, including an unspecified number in North Carolina.
The company does not disclose how many workers are cut at each location. The company employs nearly 4,700 workers and 1,400 contractors at its 12-building RTP campus, its second-largest operation in the United States after Silicon Valley and third-largest in the world after Bangalore, India.
The 550 workers Cisco plans to hire in RTP by the end of 2017 represent a mix of finance, engineering, network design and customer service personnel. The average annual wage for the new jobs is expected to be $72,700 plus benefits, compared to the Wake County average of $49,410.