Giant networking company Cisco is going to do layoffs, thousands of employees may be laid off
Cisco's decision may have an impact on thousands of workers. The company made this decision in order to focus on high-growth areas and streamline operations, according to a news agency report. Let us inform you that the company experienced significant layoffs in 2022 as well.
The tech giant Cisco, which manufactures network equipment, is reportedly considering a corporate reorganisation that could have an impact on thousands of employees. According to a recent report, the company is currently determining how many workers will be let go. Let us know about this news.
This decision of the company can affect thousands of employees. According to a news agency report, the reason behind the company taking this decision is to streamline operations and focus on high-growth areas.
Even though it is unclear how many workers will be let go. However, thousands of people may lose their jobs.
As of right now, Cisco claims that 89,000 employees worldwide work for the company. It is rumoured that the precise number of layoffs could be revealed the following week. Recall that Cisco made a comparable move in November of 2022.
To reduce expenses, Cisco had let go of 5% of its workforce during this time. Shortly, the company plans to let go of even more workers.