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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 ...
Following the first Cisco takeover purchase, acquisitions have constituted 50 percent of the company's business activity. [ 2 ] The company's largest acquisition as of October 2023 [update] is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [ 3 ]
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Further layoffs are on the horizon, with the company looking at other rounds in March, May, June, August and September, per the outlet. The JPMorgan Chase logo is seen at its headquarters in New ...
Image source: The Motley Fool. Cisco Systems (NASDAQ: CSCO) Q2 2025 Earnings Call Feb 12, 2025, 4:30 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...