Cisco Layoffs October 2024 Olympics

Cisco Layoffs October 2024 Olympics. Cisco systems, one of the largest makers of computer networking equipment, said on wednesday that it would cut 7 percent of its work force in its second major round of layoffs this year. As clients in the telecom industry restrict spending, prioritizing clearing their excess inventory of networking gear, cisco is set to layoff 5% of its global.

The mass layoffs come on top of another round of cuts cisco made earlier this year: The layoffs allow cisco to maintain focus on growth areas such as software, services, ai and cybersecurity, while balancing its financial obligations and reducing the.