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Cisco employs nearly 85,000 people, according to the company’s most recent annual report, meaning that more than 4,000 workers will likely be affected by layoffs.
Cisco's layoffs come just two weeks after chipmaker Intel Corp. announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia ...
Blue Origin will lay off about 10% of its workforce. Mark Wilson/Getty Images Jeff Bezos's rocket company, Blue Origin, is laying off about 10% of its workforce, a move that could affect more than ...
Print/export Download as PDF; ... Pages in category "Cisco Systems acquisitions" The following 123 pages are in this category, out of 123 total. ... By using this ...
Cisco: While remaining a dominant presence in IT hardware and services, Cisco's stock price dropped over 89% during the dot-com bubble and as of 2022 had not recovered to its peak price from early 2000. [3] Cobalt Networks: Its stock price rose over 400% on its first day of trading; acquired by Sun Microsystems for $2 billion in December 2000.
(Reuters) -Cisco will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI ...
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [20] many such layoffs have been attributed to artificial intelligence, [21] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [20]
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