Cisco To Cut Thousands Of Jobs . Cisco May Cut Thousands of Jobs in Latest Round of Layoffs Reports Times Now Cisco is joining a growing list of companies that are trimming their workforce at the start of 2024. networking equipment maker shifts focus to higher-growth areas, including.
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Cisco's layoffs come just two weeks after chipmaker Intel Corp 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
Intel's quarterly earnings report disappointed investors and its stock took a nosedive following the announcement. 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. The tech giant may be cutting 'thousands' of jobs as early as next week after its upcoming earnings call on February 14
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