Tech company Cisco (CSCO) is planning to announce another round of layoffs, according to Reuters, where it will cut thousands of jobs as it shifts focus to areas like cybersecurity and AI.

Thousands of Cisco employees will be affected by a new layoff round, which could be announced next week, according to a Reuters report. Cisco will reportedly lay off around 4,000 employees in its ...

Major IT firms such as Intel, IBM, and Cisco have laid off over 27,000 employees across the globe in August 2024 ...

Job losses at U.S.-based employers spiked in August to a five-month high of just over 75,000 cut positions for the month, a ...

Some of the firms that have made headlines this summer for headcount reductions include: Cisco is embarking ... There had been reports ahead of the release that a possible layoff announcement ...

The layoffs are an attempt to reorganize and improve “overall operating expense efficiency,” according to the company’s 2023 financial report. On Feb. 14, Cisco, a networking hardware and ...

Silicon Valley headquarters of networking company Cisco, San Jose, California. The company has announced a new wave of layoffs, as many as 6,000, according to one report. Silicon Valley ...

Despite tech conglomerate Cisco posting $10.3 billion in profits last year, it's still laying off 5,500 workers as part of an effort to invest more in AI, SFGATE reports. It joins a litany of ...

The tech sector has been dealt some tough blows this past year. In 2024, sweeping layoffs befell a number of mega tech ...

PricewaterhouseCoopers plans on laying off about 1,800 workers from the U.S. unit, per The Wall Street Journal.