Networking giant Cisco Systems is laying off staff again, employees reported on social media this week. While the employees saw this as a fresh round of layoffs, Cisco said it was just enacting ...

Cisco said Wednesday that it will lay off 4,250 jobs as it looks to devote more resources to its artificial intelligence initatives. Getty Images.

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’s latest round of layoffs will impact approximately 4,150 employees, which is about 5% of its total workforce. As of July 2023, the company had around 83,000 employees worldwide.

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% ...

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 ...

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 ...

Another tech company is implementing mass layoffs. Here’s why Cisco let go of workers, what it means for the economy, and what it means for smart investors.

Aug 9 (Reuters) - Cisco (CSCO.O), opens new tab 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 ...

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 ...

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% ...