Cisco to cut thousands of jobs as it seeks to focus on high growth areas

[csrcsr]

https://finance.yahoo.com/news/cisco-cut-thousands-jobs-seeks-175409508.html?guccounter=1

 

Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter.

The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website.

An announcement could come as early as next week, as the company prepares for its earnings call on Feb. 14.

In November 2022, Cisco announced during an earnings call a restructuring that impacted roughly 5% of its workforce which lead to $600 million in severance and other charges.

Cisco declined to comment.

The move would come at a time when tech companies, including telecom makers Nokia and Ericsson, cut thousands of jobs last year in a bid to lower costs.

 

[AFC]

9 minutes ago, csrcsr said:

https://finance.yahoo.com/news/cisco-cut-thousands-jobs-seeks-175409508.html?guccounter=1

 

Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter.

The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website.

An announcement could come as early as next week, as the company prepares for its earnings call on Feb. 14.

In November 2022, Cisco announced during an earnings call a restructuring that impacted roughly 5% of its workforce which lead to $600 million in severance and other charges.

Cisco declined to comment.

The move would come at a time when tech companies, including telecom makers Nokia and Ericsson, cut thousands of jobs last year in a bid to lower costs.

 

Bad days coming 

[AFC]

Many Desis fasak as far as I know 

[MarandiBro]

48 minutes ago, csrcsr said:

https://finance.yahoo.com/news/cisco-cut-thousands-jobs-seeks-175409508.html?guccounter=1

 

Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter.

The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website.

An announcement could come as early as next week, as the company prepares for its earnings call on Feb. 14.

In November 2022, Cisco announced during an earnings call a restructuring that impacted roughly 5% of its workforce which lead to $600 million in severance and other charges.

Cisco declined to comment.

The move would come at a time when tech companies, including telecom makers Nokia and Ericsson, cut thousands of jobs last year in a bid to lower costs.

 

Baga chaduvukondi bro talent unna chota job ade vastundhi