Layoffs have affected hundreds of workers in the Bay Area at Cisco offices. The company, headquartered in San Jose, is letting go of nearly 500 employees. This move is part of a realignment effort, according to the company's CEO.

The goal is to position the company for success in the AI era. Further details on the layoffs and the company's plans are available from state filings and a memo to employees from the CEO, which may provide more insight into the changes at Cisco.