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Technology company Cisco announced Wednesday that it plans to lay off 5% of its global workforce, amounting to thousands of employees, as part of a company-wide restructuring.
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 ...
(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 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 ]
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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 ]
Southwest To Lay Off 15% Of Corporate Staff In Cost-cutting Effort "This decision is unprecedented in our 53-year history, and change requires that we make difficult decisions," CEO Bob Jordan said.
SHI was founded in November 1989 by Thai Lee [11] and Leo KoGuan (co-founder and chairman of the board). [12]In 2016, SHI acquired Eastridge, a Microsoft services provider.. In Q1 of 2017, SHI launched AWS Support Services for public cloud and forecasts, managing over $1 billion in customers' Microsoft Cloud assets in 2017.