Cisco Jobs Cut
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Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
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Cisco to Cut 1,100 Jobs as Earnings Disappoint
Cisco, which announced in August that it would slash 5,500 jobs, said the new cuts would result in $150 million in additional pretax charges.
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Cisco To Cut 5,500 Jobs Globally, India May Feel The Heat
US-based networking giant Cisco Systems will cut about 5,500 jobs, representing nearly 7 per cent of its global workforce.
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As Technology Shifts More Layoffs Loom at Tech Companies
So far this year, technology companies in the United States have shed about 63,000 jobs.
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Cisco To Cut 5,500 Jobs, Layoffs To Start In First Quarter
Cisco Systems Inc said it would cut nearly 7 percent of its workforce, posting charges of up to $400 million in its first quarter, as the world's largest networking gear maker shifts focus from its legacy hardware towards higher-margin software.
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As Technology Shifts More Layoffs Loom At Tech Companies
Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said.
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Cisco to Cut 5,500 Jobs in Shift From Switches to Software
Savings from up to 5,500 job cuts would be reinvested into key growth areas, Cisco said.
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Cisco Systems to Reportedly Lay Off About 14,000 Employees
California-based Cisco is expected to announce the cuts within the next few weeks, the CRN report said.
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Cisco Systems To Lay Off Nearly 14,000 Employees: Report
Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 per cent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.
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Cisco to Lay Off 6,000 People; India May See Job Cuts
After reporting a marginal decline in profits and revenues for the fourth quarter, networking solutions giant Cisco has said it will lay off up to 6,000 employees globally, including India.
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With Profits Slipping, Cisco Plans to Cut Jobs
Cisco executives said the company planned to cut up to 6,000 jobs, or 8 percent of its workforce, in the coming months.
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Hewlett-Packard May Cut up to 16,000 More Jobs as Results Disappoint
Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins.
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HP May Cut up to 16,000 More Jobs as Results Disappoint
Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins.
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Cisco's workforce reduction plan to cost up to $550 million
Networking solutions major Cisco has said its plans to reduce the global headcount by 5 per cent will cost the firm as much as $550 million in cash on severance, one-time termination benefits and other costs.
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Cisco cutting 4,000 jobs, CEO sees slow progress
Shares of the world's biggest network equipment maker fell more than 9 per cent after hours, their biggest drop in more than a year if reflected on Nasdaq on Thursday.
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Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
-
Cisco to Cut 1,100 Jobs as Earnings Disappoint
Cisco, which announced in August that it would slash 5,500 jobs, said the new cuts would result in $150 million in additional pretax charges.
-
Cisco To Cut 5,500 Jobs Globally, India May Feel The Heat
US-based networking giant Cisco Systems will cut about 5,500 jobs, representing nearly 7 per cent of its global workforce.
-
As Technology Shifts More Layoffs Loom at Tech Companies
So far this year, technology companies in the United States have shed about 63,000 jobs.
-
Cisco To Cut 5,500 Jobs, Layoffs To Start In First Quarter
Cisco Systems Inc said it would cut nearly 7 percent of its workforce, posting charges of up to $400 million in its first quarter, as the world's largest networking gear maker shifts focus from its legacy hardware towards higher-margin software.
-
As Technology Shifts More Layoffs Loom At Tech Companies
Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said.
-
Cisco to Cut 5,500 Jobs in Shift From Switches to Software
Savings from up to 5,500 job cuts would be reinvested into key growth areas, Cisco said.
-
Cisco Systems to Reportedly Lay Off About 14,000 Employees
California-based Cisco is expected to announce the cuts within the next few weeks, the CRN report said.
-
Cisco Systems To Lay Off Nearly 14,000 Employees: Report
Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 per cent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.
-
Cisco to Lay Off 6,000 People; India May See Job Cuts
After reporting a marginal decline in profits and revenues for the fourth quarter, networking solutions giant Cisco has said it will lay off up to 6,000 employees globally, including India.
-
With Profits Slipping, Cisco Plans to Cut Jobs
Cisco executives said the company planned to cut up to 6,000 jobs, or 8 percent of its workforce, in the coming months.
-
Hewlett-Packard May Cut up to 16,000 More Jobs as Results Disappoint
Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins.
-
HP May Cut up to 16,000 More Jobs as Results Disappoint
Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins.
-
Cisco's workforce reduction plan to cost up to $550 million
Networking solutions major Cisco has said its plans to reduce the global headcount by 5 per cent will cost the firm as much as $550 million in cash on severance, one-time termination benefits and other costs.
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Cisco cutting 4,000 jobs, CEO sees slow progress
Shares of the world's biggest network equipment maker fell more than 9 per cent after hours, their biggest drop in more than a year if reflected on Nasdaq on Thursday.
