Reported 2 months ago
Cisco is set to announce a second round of layoffs this year, potentially affecting thousands of employees, as it shifts focus towards higher-growth sectors such as cybersecurity and AI. This comes after a previous layoff of 4,000 employees in February, and the total job cuts indicated may be similar or slightly higher. The company, which has faced sluggish demand and supply chain issues, aims to diversify its business through acquisitions and AI integration.
Source: YAHOO