Cisco is planning to cut 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,

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,

Tech giant Cisco has announced another round of layoffs, affecting about 5,600 employees which accounts for around 7 per cent of its global workforce. This follows a similar downsizing in February, when Cisco laid off over 4,

Major IT firms such as Intel, IBM, and Cisco have laid off over 27,000 employees across the globe in August 2024

Tech companies laid off over 27,000 workers in August 2024, affecting more than 40 firms like Intel, IBM, Cisco, and startups. Intel announced 15,000

The tech industry has been struggling with massive layoffs since early 2023, and the trend has only continued into 2024, showing no signs of slowing down. A report by BestBrokers shows that the trend of job cuts is not slowing down as companies' decisions are driven by economic challenges,

Tech giant Cisco has announced another wave of layoffs this year. The second of the year has resulted in the loss of jobs for about 5,600 workers, or about 7 per cent of the company's entire staff. This comes after Cisco let go of over 4,