Cisco To Cut Thousands Of Jobs . Cisco is planning to lay off thousands of workers as it seeks to restructure its business Cisco's layoffs come just two weeks after chipmaker Intel Corp
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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 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
Cisco is planning to restructure its business as it seeks to focus on high-growth areas, according to three sources familiar with the matter. 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 Cisco is joining a growing list of companies that are trimming their workforce at the start of 2024.
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. networking equipment maker shifts focus to higher-growth areas, including. The tech giant may be cutting 'thousands' of jobs as early as next week after its upcoming earnings call on February 14