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Articles for Cisco, search results for revenue

Cisco Layoffs: Firm Slashes 7% Of Workforce To Focus On AI and Cybersecurity
4 months, 1 week ago

Cisco Layoffs: Firm Slashes 7% Of Workforce To Focus On AI and Cybersecurity

ABP News  

Cisco Layoffs: Cisco Systems plans to lay off 7 per cent of its workforce in a second round of job cuts this year. Cisco’s layoff announcement comes just two weeks after Intel Corp revealed plans to cut approximately 15,000 jobs as part of its strategy to revitalise its business and compete with successful rivals like Nvidia and AMD. For its …

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Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity
4 months, 1 week ago

Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity

Associated Press  

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. Cisco’s layoffs come just two weeks after chipmaker Intel Corp. announced it would cut about 15,000 jobs as it tries to turn …

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Cisco to cut more than 4,000 jobs; lowers annual revenue forecast
10 months, 1 week ago

Cisco to cut more than 4,000 jobs; lowers annual revenue forecast

Hindustan Times  

Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of layoffs by tech firms this year. Cisco Systems announces layoffs Shares of the networking equipment maker fell more than 5% in extended trading on Wednesday, …

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Cisco Layoffs: Tech Firm To Sack Over 4,000 Employees, Says Report
10 months, 1 week ago

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

ABP News  

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 …

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Cisco layoffs: Thousands to lose jobs as company focuses on ‘high-growth’ areas
10 months, 1 week ago

Cisco layoffs: Thousands to lose jobs as company focuses on ‘high-growth’ areas

Hindustan Times  

Amid the recent layoffs by multiple tech and retail giants, Cisco has also decided to cut jobs. Cisco announces its decision to lay off thousands of employees Cisco to layoff thousands of employees as part of its restructuring plans The outlet adds that while the company has announced its layoffs, it is yet to decide the number of employees that …

Company Cisco Layoffs Thousands
Tech Layoffs: Cisco Now Ready To Fire 4,000 Employees As Part Of Its Rebalancing Move
2 years, 1 month ago

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

News 18  

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 …

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