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

[mahatmakanejeeves]

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

By Utkarsh Shetti and Supantha Mukherjee
February 10, 20248:54 AM EST Updated 2 days ago

Feb 9 (Reuters) - Network giant Cisco (CSCO.O), 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, 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.

The company is still deciding on the total number of employees to be affected by the layoffs, one person said.

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

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[Stargazer99]

1. Interesting that one of the rich that run this country said we need to increase unemployment

because employees are getting too demanding and he was shut up almost immediately....something smells here...did you notice? Or did it go right over your head? This isn't the only company letting go of employees...makes you wonder