Cisco Announces Job Cuts, Targets New Markets in Bid for Future
Gurgaon, Feb. 15 -- Cisco still needs to confirm the actual number of layoffs that would take place. However, a source from the magazine stated that the corporation is still settling on the statistics. The final announcement might come as early as this week as the company prepares for its earnings call on 14 February. Meanwhile, Cisco had a global workforce of 84,900 people in fiscal 2023. This figure is likely to fall dramatically owing to upcoming employment losses. The corporation disclosed a 5% employment reduction in an earnings call in November 2022, resulting in $600 million in severance and other expenses.
Networking equipment manufacturer reduced its full-year revenue and profit estimates
According to reports, demand for the com...
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