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Earlier this week, anticipated layoffs began at Cisco. The company laid the ground for the layoffs last month, announcing that approximately 4,100 employees would lose their positions.
We've now entered the second half of the year, and tech-related layoffs have already skyrocketed past the 100,000 mark. The ...
Orlando Miner on MSN1d
Recession Is Here: 150,000 Layoffs And More To Come
Discussing the current recession, job market downturn, and impacts on the tech and real estate sectors. Includes analysis of layoffs from Tesla, Intel, and Cisco.
Cisco’s last round of layoffs occured in January when the company revealed that it was cutting 673 jobs in the San Francisco Bay Area as part of its plan to maximize cost savings announced in 2022.
Cisco intends to cut about 729 jobs in the Bay Area, the WARN letters show. Here are the details of Cisco’s Bay Area layoffs: — San Jose, 447 job cuts. — Milpitas, 174 layoffs.
Cisco Systems has let go 3,500 employees since the COVID-19 pandemic began, the tech giant confirmed. “We are always evaluating our growth areas and aligning our resources to meet customer demands.
Cisco employees are worried that a round of layoffs may be imminent. The company's fiscal year ended in July, and it often lays off workers in August or September.
Tech giant Cisco plans a $600 million restructuring, the move including layoffs, moving some employees to already open jobs within the company, and also make changes in its real estate holdings.
RESEARCH TRIANGLE PARK – Ever since Cisco announced $1 billion in cost cuts, employees have been speculating that a massive round of layoffs would kick off around October 7.
Cisco layoffs are expected soon, but CSCO stock traders seem to be fine with this development. In addition, the company recently disclosed its quarterly financial stats, which came in largely ...
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