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Exclusive: Cisco to cut thousands of jobs as it seeks to focus on high growth areas
World at Work
Cisco to cut thousands of jobs as it seeks to focus on high growth areas
By Utkarsh Shetti and Supantha Mukherjee
February 10, 20248:54 AM EST Updated 2 days ago
Feb 9 (Reuters) - Network giant Cisco (CSCO.O), opens new tab 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 with the matter.
The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website.
The company is still deciding on the total number of employees to be affected by the layoffs, one person said.
An announcement could come as early as next week, as the company prepares for its earnings call on Feb. 14.
{snip}
Cisco to cut thousands of jobs as it seeks to focus on high growth areas
By Utkarsh Shetti and Supantha Mukherjee
February 10, 20248:54 AM EST Updated 2 days ago
Feb 9 (Reuters) - Network giant Cisco (CSCO.O), opens new tab 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 with the matter.
The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website.
The company is still deciding on the total number of employees to be affected by the layoffs, one person said.
An announcement could come as early as next week, as the company prepares for its earnings call on Feb. 14.
{snip}
1 replies
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