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(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 ...
Google, Amazon, PayPal and Duolingo have all announced layoffs recently. All told, more than 34,000 tech employees have been laid off since the start of 2024, according to data compiled by Layoffs ...
The value of each acquisition is listed in the US$ currency because Cisco Systems is headquartered in California, U.S. The majority of its products and business units have come from acquisitions, with Cisco Systems spending more than $70 billion to acquire approximately 218 organizations as of October 2021.
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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[31] [32] The transaction was completed in January 2021. [33] In July 2023, Francisco Partners agreed to divest the government cybersecurity business of Forcepoint to buyout firm TPG Inc. for $2.45 billion, as the company intends to focus on its commercial business. [34] In late January 2024, Forcepoint Federal was rebranded as Everfox. [35]
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