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.
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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
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