Cisco To Cut Thousands Of Jobs. The tech giant may be cutting 'thousands' of jobs as early as next week after its upcoming earnings call on February 14 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.
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Feb 9 (Reuters) - Network giant Cisco , 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. announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD
Cisco Systems is poised to lay off thousands of employees as the tech. Intel's quarterly earnings report disappointed investors and its stock took a nosedive following the announcement. Cisco had already announced one major round of layoffs back in February, when it said it was eliminating about 4,000 jobs, or 5% of its workforce
. Cisco had already announced one major round of layoffs back in February, when it said it was eliminating about 4,000 jobs, or 5% of its workforce Cisco Systems is poised to lay off thousands of employees as the tech.
. 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. Cisco is planning to lay off thousands of workers as it seeks to restructure its business