Cisco Restructuring Layoffs 2025 Date

Cisco Restructuring Layoffs 2025 Date. 2023 Tech Layoffs Cisco confirms layoffs and $1 billion in restructure spending as AI, GenAI heat up Aug 14 (Reuters) - Cisco Systems , opens new tab said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high.

Cisco Layoffs 2024 Evy Lorena
Cisco Layoffs 2024 Evy Lorena from gabbieysallie.pages.dev

The announcement came as Cisco also reported its third straight quarter of declining revenues As of July 2023, Cisco employed 84,900 people overall

Cisco Layoffs 2024 Evy Lorena

For Cisco, this restructuring represents a step toward future-proofing the company in an industry that values agility and innovation For Cisco, this restructuring represents a step toward future-proofing the company in an industry that values agility and innovation 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 cuts thousands of jobs in second biggest layoff of 2024 Report India Today. Aug 14 (Reuters) - Cisco Systems , opens new tab said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high. The announcement came as Cisco also reported its third straight quarter of declining revenues

Facebook Parent Meta Announces Layoffs of 11,000 Staff Newley Purnell. The company expects to recognize about $700 million to $800 million of these charges in the first quarter of fiscal 2025 with the remaining amount to be recognized during the rest of fiscal 2025, the filing said Cisco will spend between $700 million and $800 million in the first quarter of its 2025 fiscal year.