Cisco Restructuring Layoffs 2024

Cisco Restructuring Layoffs 2024. Published wed, feb 14 20244:10 pm est updated wed, feb 14 20248:43 pm est.  — the second half of 2024 saw continued layoffs across the tech sector, with major companies like ibm, cisco, and microsoft significantly reducing their workforces.

 — cisco systems inc., the largest maker of networking equipment, plans to cut thousands of jobs after a slowdown in corporate tech spending wiped out its sales growth.  — the layoffs, which are the company’s second round of job cuts this year, are part of a restructuring plan that will result in about $1 billion of pretax charges.