Networking giant Cisco Systems is laying off staff again, employees reported on social media this week. While the employees saw this as a fresh round of layoffs, Cisco said it was just enacting ...

Cisco said Wednesday that it will lay off 4,250 jobs as it looks to devote more resources to its artificial intelligence initatives. Getty Images.

Another tech company is implementing mass layoffs. Here’s why Cisco let go of workers, what it means for the economy, and what it means for smart investors.

Cisco’s latest round of layoffs will impact approximately 4,150 employees, which is about 5% of its total workforce. As of July 2023, the company had around 83,000 employees worldwide.

Technology company Cisco announced Wednesday that it plans to lay off 5% of its global workforce, amounting to thousands of employees, as part of a company-wide restructuring.

Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with ...

Mass Layoffs To Meet Opportunities. Cisco confirmed massive layoffs Wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion and affect upwards of ...

U.S. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. The technology and networking company announced in August that it would reduce its headcount by 7% ...

The layoffs, while significant, are smaller than had been rumored. CRN, a technology publication, first reported Tuesday that Cisco planned to cut 14,000 jobs or almost 20% of its workforce.

U.S. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. The technology and networking company announced in August that it would reduce its headcount by 7% ...

Cisco layoffs are expected soon, but CSCO stock traders seem to be fine with this development. In addition, the company recently disclosed its quarterly financial stats, which came in largely ...