Get the latest tech news

Cisco To Cut Thousands of Jobs As It Seeks To Focus on High Growth Areas


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 familiar with the matter. From the Reuters report: The San Jose, California-based company has a total employee count...

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 familiar with the matter. From the Reuters report: The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website.The company is still deciding on the total number of employees to be affected by the layoffs, one person said.

Get the Android app

Or read this on Slashdot

Read more on:

Photo of Cisco

Cisco

Photo of Thousands

Thousands

Photo of jobs

jobs

Related news:

News photo

Microsoft’s gaming layoffs include 86 jobs at Skylanders studio Toys for Bob

News photo

Canada’s Largest Telecom Cuts 9% of Jobs as Outlook Is Soft

News photo

Worldline to Cut About 1,400 Jobs for €200 Million Annual Savings