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U.S. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. The technology and networking company announced in August that it would reduce its headcount by...
Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity.
The mass layoffs come on top of another round of cuts Cisco made earlier this year: Cisco had said in February it would cut 5% of its global workforce, or more than 4,000 jobs, while lowering its...
The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. The purge follows Cisco’s late 2022 cutbacks that shed 5,000 workers and ahead of its $28 billion acquisition of Splunk, a deal that management now expects to complete by April 30.
The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. The purge follows Cisco’s late 2022 cutbacks...
Cisco Systems, one of the largest makers of computer networking equipment, said on Wednesday that it would cut 7 percent of its work force in its second major round of layoffs this year. The...
So far this year, 144 tech companies have laid off almost 35,000 workers, according to the website Layoffs.fyi. In addition to disclosing the job cuts, Cisco reported strong fiscal...
Technology company Cisco announced Wednesday that it plans to lay off 5% of its global workforce, amounting to thousands of employees, as part of a company-wide restructuring.
After tech giant Cisco announced plans for its second round of layoffs this year, employees tell TechCrunch that they will not know if they are affected for close to a month.
Feb 9 (Reuters) - Network giant Cisco (CSCO.O) is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according...