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By Akash Sriram (Reuters) -Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that ...
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 second-quarter ...
On January 31, 2023, as part of $3 billion in cost reductions, Intel announced pay cuts affecting employees above midlevel, ranging from 5% upwards. It also suspended bonuses and merit pay increases, while reducing retirement plan matching. These cost reductions followed layoffs announced in the fall of 2022. [129]
See if you can follow this workplace math: 40 hours - 8 hours - 20% pay = 1. Translation: For a Canadian purchasing software company, reducing an employee’s 40-hour work week by 8 hours, with a ...
It was established on September 30, 1996, through the divestiture of the former AT&T Technologies business unit of AT&T Corporation, which included Western Electric and Bell Labs. [ 2] Lucent was merged with Alcatel SA of France on December 1, 2006, forming Alcatel-Lucent. [ 3] Alcatel-Lucent was absorbed by Nokia in January 2016.
Juniper Networks, Inc. is an American multinational corporation headquartered in Sunnyvale, California. The company develops and markets networking products, including routers, switches, network management software, network security products, and software-defined networking technology. The company was founded in 1996 by Pradeep Sindhu, with ...
The company's largest acquisition as of October 2023 is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [3] Cisco's previous largest acquisition was tied between Cerent Corporation and Scientific Atlanta for $6.9 billion in 1999 and 2005 respectively.
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