Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with ...

Mass Layoffs To Meet Opportunities. Cisco confirmed massive layoffs Wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion and affect upwards of ...

San Jose-based Cisco is laying off thousands of workers for the second time this year; the company’s 2024 fiscal year wrapped up with $10.3 billion in profit. It also just turned a massive ...

Cisco's layoffs come just two weeks after chipmaker Intel Corp. announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia ...

Cisco's layoffs come just two weeks after chipmaker Intel Corp. announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia ...

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 7% ...

Cisco Layoffs to Affect Over 4,000 Employees. Efficiency is everything these days, and tech companies everywhere that arguably got bloated during the post-pandemic hiring spree are clearly pulling ...

Cisco. Cisco Systems plans to lay off 7 per cent of its workforce, or about 6,000 employees, in a second round of job cuts this year. The company is currently refocusing on rapidly expanding ...

Report: Cisco to lay off thousands in latest round of cuts. expand. Cisco campus in Research Triangle Park. TBJ file photo. By David Purtell – Digital Editor, Triangle Business Journal.

Cisco, a U.S. networking equipment manufacturer, is planning to cut thousand of jobs in a second round of layoffs this year, sources familiar with the matter said.

The layoff news helped boost Cisco's stock price on Wednesday, going from $45.04 in the morning to spiking over $48 per share in after-hours trading.