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Major Layoffs In 2024: Layoffs have been the talk of the town for the whole of 2024; big firms and small start-ups across the sector and worldwide have announced layoffs this year, leaving employees in a difficult situation. Siemens Layoffs German tech giant Siemens also said that it is considering cutting up to 5,000 jobs globally in its factory automation …

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Cisco layoffs: Company to cut jobs of 6,000 employees amid AI pivot

Cisco Layoffs: Tech Firm To Sack Over 4,000 Employees, Says Report

Cisco Systems announced that the firm will reduce its global workforce by 5 per cent, equivalent to over 4,000 employees, and revised its annual revenue target downwards. In extended trading on Wednesday, shares of the networking equipment maker declined by over 5 per cent, following Cisco's downward revision of its forecasted revenue range to $ 51.5 billion to $ 52.5 …

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report

The US-based communication technology firm Cisco reportedly intends to trim its workforce to concentrate on areas of growth following the recent trend of job reductions by pears. The company is gearing up for a business restructuring that will result in the termination of thousands of employees, reported the news agency Reuters. However, a source familiar with the matter revealed to …

The ongoing economic slowdown is making it difficult for the tech sector to survive. According to data from Layoffs.fyi, a website that tracks all layoffs at tech startups, in January 2023, 91 tech companies globally let go of about 24151 employees. Amazon CEO Andy Jassy, in a recent blog post, confirmed that Amazon is continuing layoffs while firing around 18000 …

After Amazon, Cisco reportedly fired as many as 700 employees

Tech Layoffs: Cisco Now Ready To Fire 4,000 Employees As Part Of Its Rebalancing Move

Joining the Big Tech layoff season, networking giant Cisco is reportedly laying off over 4,000 employees, or about 5 per cent of its workforce, in a “rebalancing” act while “rightsizing certain businesses”. “You can just assume that we’re going to — we’re not actually — there’s nothing that’s a lower priority, but we are rightsizing certain businesses,” he told the …

Advocates for the Dalit population, the lowest caste in the hierarchical South Asian social system, say the mistreatment is more prevalent in workplaces with large populations of South Asian employees, such as in the technology sector. Civil rights advocates are calling on a U.S. agency to recognize that caste discrimination is illegal under existing federal law, an issue growing more …

A Cisco survey of IT and business professionals globally has revealed that 74 per cent of them think their businesses would emerge stronger, despite the challenges of the current business environment. "We're finding that best practices emerged to empower employees: 67 per cent have implemented social video conferencing ‘meetups' to compensate for lack of face-to-face social interaction, and 54 per …

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