Cisco To Cut Thousands Of Jobs. Cisco to cut 7 of its global workforce CNN Business Cisco is planning to restructure its business as it seeks to focus on high-growth areas, according to three sources familiar with the matter. Cisco had already announced one major round of layoffs back in February, when it said it was eliminating about 4,000 jobs, or 5% of its workforce
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Feb 9 (Reuters) - Network giant Cisco , opens new tab is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas. Intel's quarterly earnings report disappointed investors and its stock took a nosedive following the announcement.
(Reuters) -Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources. Cisco's layoffs come just two weeks after chipmaker Intel Corp 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 to cut 7 of its global workforce CNN Business. Feb 9 (Reuters) - Network giant Cisco , opens new tab is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas. 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 is joining a growing list of companies that are trimming their workforce at the start of 2024. announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD