layoffs
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Cisco layoffs cut deeper than expected as firm ramps up AI focus
Networking giant Cisco is the latest tech company to slash jobs while pledging to refocus on AI as well as cybersecurity. The company said it would slash its global staff numbers by 7% – more than 6,000 jobs – following a drop in revenue of 10% in its fourth quarter. That follows a first round of layoffs earlier in the…
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Cisco to cut thousands of roles in second batch of layoffs this year
Cisco is set to cut thousands more jobs this year as it shifts its focus to higher-growth areas and adjusts to current economic conditions. The exact number of jobs to be slashed has not been confirmed, but sources close to the matter told Reuters they expect the figure to be similar or slightly higher than the 4,000 staff it laid…
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