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 ...

The tech industry continued its downward spiral in August 2024, with over 27,000 job cuts announced by 40+ companies. This ...

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

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its ...

Tech companies cut over 27,000 jobs in August 2024, with major firms like Intel, IBM, and Cisco among those announcing ...

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 ...

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 ...

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 ...

Cisco's layoffs come just two weeks after chipmaker ... Intel's quarterly earnings report disappointed investors and its stock took a nosedive following the announcement. In contrast, Cisco's ...

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