It’s looking like recruiters in California and elsewhere will have a new batch of candidates.
Cisco, as part of a cost-cutting, shedding-weaker-business-lines initiative, will be cutting somewhere around 3,000 employees, possibly 4,000.
In California, which has boomed and busted through the years as the Cold War ended, the dot-com craze expanded and contracted, real estate grew and shrunk, and so on — the latest bust may be nearing an end.
In the northern part of the state (San Francisco to San Jose), tech companies may enjoy the feast from Cisco, as the LinkedIns and others of the Silicon Valley world expand, start up, and battle for talent. In many other parts of the state, real estate, construction, and government belt-tightening remain problems.