US tech giant Cisco has laid off thousands of employees in what is reported to be the company's second major job cut this year. According to a TechCrunch report, Cisco is cutting around 5,600 jobs, or 7% of its workforce,

U.S. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. The technology and networking company announced in August that it would reduce its headcount by 7%, or around 5,

Cisco is planning to lay off around 7% of its workforce, marking its second major layoff this year. The company is facing declining demand and high costs as it invests in AI. The layoffs, expected to be announced next week,

According to a report by TechCrunch, the job cuts have also also ... is one of the “most toxic environments” they had worked in. Last, Cisco announced its second round of layoffs for the year, stating it would enable the company to invest in growth ...

Cisco has reportedly laid off thousands of employees in its second round of job cuts for the year. The software company had announced it would reduce its head count by 7% or 5,600 employees in August.

Given that Cisco indicated in Aug 2024 that it intended to reduce staff but withheld information regarding which individuals and departments would be impacted, these recent layoffs are surprising

Cisco has begun laying off 5,600 employees, impacting 7% of its workforce. The restructuring aims to boost efficiency despite the company reporting strong 2024 earnings of nearly $54 billion.