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Cisco said in its August statement that its second layoff of the year would allow the company to “invest in key growth opportunities and drive more efficiencies.”
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.
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...
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.
Aug 9 (Reuters) - Cisco (CSCO.O) will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including...
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. Cisco joins a long...
Cisco Systems confirmed massive layoffs Wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion. The San Jose, Calif.-based networking giant said...
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 has led to thousands of...
Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Shares of Cisco were down as much as 9% in extended trading....
On Wednesday, Feb. 14, 2024, internet networking pioneer Cisco Systems announced that more than 4,000 employees are being laid off, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while serving as a sobering reminder job insecurity in the dawning age of artificial intelligence.