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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 ...
In February, Cisco announced it would cut about 4,000 jobs. 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 ...
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 ...
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Layoffs create lower job security overall, and an increased competitiveness for available and opening positions. Layoffs have generally two major effects on the economy and stockholders . The way layoffs affect the economy varies from the industry that is doing the layoffs and the size of the layoff.
(Reuters) -Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to ...
In February, it said it would cut 5% of its global workforce or more than 4,000 jobs. It announced the second round of layoffs on Wednesday, confirming a Reuters report from last week.
Microsoft recently announced that it was laying off 10,000 workers to trim costs. On the same day, Amazon began its wave of 18,000 job cuts. Other tech companies -- including Meta, Salesforce ...