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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.
(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 ...
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 ...
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.
The majority of companies acquired by Cisco are based in the United States (U.S.) and a total of 149 companies had been acquired as of March 2011. [6] Most of the companies acquired by Cisco are related to computer networking, with several LAN switching and Voice over Internet Protocol (VoIP) companies included in the list of acquisitions. [6]
Synamedia Ltd. (previously Cisco's SPVSS business, and formerly NDS Group Ltd., and later Cisco Videoscape) is a video technology provider headquartered in Staines-upon-Thames, UK. Its products cover content distribution and delivery, video processing, advanced advertising, broadband offerings, and video security.
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