Tag: Cisco

tech

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.

AP Photo

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.

AP Photo

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.

Sundar-Pichai-Google-ap

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.