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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 indicated that the ...
(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 layoffs allow Cisco to "maintain focus on growth areas such as software, services, AI and cybersecurity, while balancing its financial obligations and reducing the percentage of hardware in ...
Cisco Systems, Inc. (using the trademark Cisco) is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware , software , telecommunications equipment and other high-technology services and products. [ 4 ]
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 ]
The following year, Forcepoint began shuffling executives in a re-organization effort that included some layoffs. [27] The company was divided into four business units: Cloud Security, Network Security, Data & Insider Threat Security, and Global Governments. [27] In April 2016, Matthew Moynahan was appointed chief executive officer of ...
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