Tech Giant Cisco Lays Off 4,000+ Employees to Concentrate on AI
Networking giant Cisco is laying off more than 4,000 employees to shift focus and resources towards developing its AI capabilities.
Cisco
Corporate America Virtue Signaling in Wake of Derek Chauvin Murder Conviction
Corporate America weighed in on the jury finding former Minneapolis police officer Derek Chauvin guilty of murdering George Floyd.
U.S. CEO Group Calls for National Corporate Mask Mandate
Amid the second wave of the novel coronavirus pandemic, The Business Roundtable called on Friday for every company to require employee and customer masks.
Lawsuit: CEOs Invite India’s Caste Culture into U.S. Workplaces
A California state agency is recognizing the quiet spread of India’s ancient caste discrimination into America’s Fortune 500 professional workplaces.
U.S. CEOs to Indian Government: Send Us Millions of Your College Graduates
Many millions of Indian graduates should be allowed to take white-collar jobs from U.S. college graduates, says a coalition of top U.S. business leaders.
WATCH: ‘Fortnite’ Gamer Live Streams the Moment He Allegedly Attacked His Pregnant Girlfriend
An Australian gamer live streamed video and audio on Sunday, of the moment he allegedly attacked his pregnant girlfriend for interrupting him while playing Fortnite.
Business Asks for More Foreign College-Grad Employees Before November Election
Brand-name American companies are lobbying the government to import more visa-workers for a wide variety of good white-collar jobs, even though the companies’ investors are earning record profits and their American graduates’ salaries are flat.
Bloomberg: Tech-Giant Cisco Caught Discriminating Against American College-Grads
The Department of Labor has concluded that Internet giant Cisco Systems has been discriminating against American college-graduates, according to a report by Bloomberg.
Report: Hackers Can Use Google Search Engine Results to Get into Your Bank Account
Hackers are reportedly using a new form of malware that targets unsuspecting victims’ bank accounts by placing malicious links into Google’s search engine results.
Facebook Contractors’ Union Moving to Organize Silicon Valley
The success of Unite Here Local 19 in organizing Facebook’s 500 contracted cafeteria workers has paved the way for the union to push ahead to start organizing professionals at Silicon Valley’s leading tech corporations.
Microsoft, Cisco Hide H-1B Hires Through Indian Outsourcing Firms, Says Report
A number of the largest tech corporations in Silicon Valley hide their hiring of foreign workers through the H-1B visa by contracting them through India-based outsourcing firms, a report states.
Cisco Learned of Security Vulnerabilities Because of WikiLeaks CIA Dump
(Reuters) — When WikiLeaks founder Julian Assange disclosed earlier this month that his anti-secrecy group had obtained CIA tools for hacking into technology products made by U.S. companies, security engineers at Cisco Systems swung into action.
Silicon Valley Job Carnage May Be Over as Hiring Set to Expand
After major tech corporations slashed jobs, and start-ups slowed to a crawl in 2016, employment growth in the nine-county region known as Silicon Valley seem set to expand rapidly.
Israeli Tech Firms Raise Record $4.8 Billion in 2016
Israeli private high-tech companies, a main driver of the country’s economy, raised an all-time high of $4.8 billion in 2016, up 11 percent from 2015, a report showed on Tuesday.
Silicon Valley Job Cuts Double in 2016
Cisco Systems, Inc. announced August 17 that it will slash 5,500 jobs. The cuts are consistent with Silicon Valley tech terminations running almost double the pace of 2015.
Media Leak of Trump’s Silicon Valley Fundraiser Forces Cancelation
Intel CEO Brian Krzanich had scheduled a fundraiser with Donald Trump at his Silicon Valley home on June 1, but it had to be canceled after someone leaked it to the media.
Apple’s H-1B Partner Banned for Underpaying Aliens
Two Silicon Valley companies that import foreign software engineers for Apple and other firmss were fined and banned from the controversial H-1B visa program for underpaying what are already cheap foreign tech workers.
CEOs of Silicon Valley’s Top Firms Reveal Diversity
Silicon Valley often gets knocked for a lack of diversity, but historically excluded groups are making an impressive showing at the top spot of the most valuable companies. Just looking at the top ten companies based in Silicon Valley by NASDAQ market cap, 40% are run by someone who is a woman, an immigrant, or non-white. By individual demographics, 20% are women, and 30% are foreign-born.
