Cisco layoff news. Cisco Invests In Hot AI Startup CoreWeave.
Cisco layoff news The company says this is part of a restructuring, and workers Cisco layoffs: This is the second time that the tech company has announced layoffs this year. In July, Cisco laid off more than 480 employees at both its San Jose The move marks Cisco’s second round of layoffs in 2024, adding to the departure of approximately 4,000 employees in February. The mass layoffs come on top of another round of cuts Cisco made earlier this year: Cisco had said in February it would cut 5% of its global workforce, or more than 4,000 The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. This followed an earlier layoff round in February, which resulted in 4,000 job losses. Last week brought news that Dell is cutting thousands of jobs as part of AI-focused Cisco Systems in August said it plans to lay off about 7 percent of its global workforce, or over 5,000 employees, as part of a major restructuring. April Google. Employees, including those from Cisco's Talos Security division focusing on threat intelligence and security research, were informed of the layoffs on September 16. fyi, a portal that keeps track of layoffs in real-time. During September, only 30 companies laid off 3,765 employees, a contrast to the previous month, which saw major companies like Intel and Cisco cutting 15,000 and 5,900 Salesforce: 1,000 Layoffs. Silicon Valley Tech News Tech DAILY NEWSLETTER While August saw a significant rise in job cuts, July reported 39 companies firing 9,051 staff as reported by layoffs. Earlier in February, Cisco had laid off close to 4,000 employees. 2 billion to $1. This move marks the second wave of layoffs for the company in 2024, as Cisco Layoffs to Affect Over 4,000 Employees Efficiency is everything these days, and tech companies everywhere that arguably got bloated during the post-pandemic hiring spree are clearly pulling TECH NEWS : Cisco Systems announced plans to lay off about 7% of its global workforce, roughly 6,000 employees, as it focuses on high-growth sectors like AI and c Cisco will cut thousands of jobs in a second round of layoffs this year as the U. The company has announced a new wave of layoffs, as many as 6,000, according to one report. The San Jose company says it's planning to layoff 7% of its global workforce as it shifts focus to AI and cybersecurity. Cisco officials confirmed to Channel Futures that layoffs have taken place this week, although they noted that the cuts tie back to the restructuring plan the vendor announced almost a News News Based on facts, either observed and verified directly by the reporter, New waves of Cisco layoffs surface as tech job cuts worsen in Bay Area Tech layoffs, 2-plus years: 46,000 jobs This is the second round of layoffs for Cisco in 2024, following an earlier reduction of nearly 4,000 employees in February. SAN FRANCISCO (KRON) — Cisco Systems, Inc. In Q3, Cisco saw its net income plunge 41 percent YoY from $3. As of July 2023, the company had around 83,000 employees worldwide. com 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. Dell Technologies reported the slashing of thousands of jobs this year. (Read more Cisco news and insights) RESEARCH TRIANGLE PARK, N. The technology and networking company announced in August that it would reduce its headcount by 7% The Layoff discussion - User says: ``Cisco Layoffs 2024'' regarding Cisco Systems Inc. Here's an updated timeline of notable layoffs, and reasons why Big Tech is in turmoil. According to Richard Scott Herren, EVP & CFO of Cisco, the drivers between both rounds of layoffs remain the same. This latest reduction follows a previous downsizing in February when Cisco laid off over 4,000 employees. Cisco is the latest company to join the bandwagon and implement layoffs in the organization. Cisco just had 100+ TAC jobs eliminated in Belgium, so layoffs are routinely happening. Apriil 9, 2025: Cisco layoffs hit California workers Sept. as well as layoffs. . Here we go again. The Cisco job cuts were scheduled to take effect on Nov. The tech behemoth, which has been heavily investing in the AI space as evidenced by its massive $28 billion acquisition of Splunk, this fall agreed The Cost of Layoffs. Tech giant Cisco has announced a new round of layoffs this year, resulting in job losses for approximately 5,600 employees, representing about 7 per cent of the company's workforce. Cisco will cut thousands of jobs in a second round of layoffs this year as the US networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar Tech Layoffs: September experienced a decline in tech layoff numbers after a significant surge in August, when 44 companies let go of 27,065 employees—the highest number since January 2024. This decision follows a 10% Cisco’s latest round of layoffs will impact approximately 4,150 employees, which is about 5% of its total workforce. LATEST NEWS. So far this year, the industry has seen over 136,000 tech Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar Cisco has started laying off thousands of employees about a month after announcing the second round of job cuts this year. fyi. The company plans to reduce its headcount by 7%, or around 5,600 employees. ” A new round of layoff announcements at Dell and Cisco are a result of both companies currently losing core market share to new industry competitors: Arista Networks for Cisco, in their core Cisco’s current round of layoffs will impact about 6,000 jobs as the company looks to sharpen its focus on AI networking, security and collaboration. This newest round of layoffs is hardly unsurprising, given that Cisco announced its intention to reduce headcount in August 2024 but delayed releasing details about which employees and departments A report by TechCrunch, as mentioned by the news report, reveals that approximately 5,600 jobs, representing 7 per cent of Cisco’s workforce, are being laid off as part of the company’s ongoing cost-management efforts amid declining demand. More folks getting fired every day, and on PIP as Cisco way to save paying severances. plans to eliminate thousands more jobs in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts Cisco Systems confirmed massive layoffs Wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion. which is more and more frequent. Cisco spokesperson Robyn Blum said in an email to SFGATE that the layoff is meant to allow the company to invest in “key growth opportunities and drive more efficiency in our business. Major tech firms, including Intel, IBM, and Cisco, along with more than 40 smaller startups, announced substantial layoffs. Founder Compensation Plummets 43% as Capital Efficiency Cisco layoffs loom as well as a reduction in the company’s real estate footprint as Cisco seeks to “right size” some of its business units, including Cisco Collaboration, Cisco’s CEO and This week, Cisco started implementing layoffs totaling 5% of its workforce. The company is facing declining demand and high costs as it invests in AI. fyi), however the latest reporting suggests that Cisco’s 2024 layoffs could account for the loss of more jobs In addition to declining revenues, the firm has also grappled with falling profits. 20, 2024: Cisco Systems Inc. The purge follows Cisco’s late 2022 cutbacks that shed 5,000 workers and ahead On Wednesday, Cisco announced it will lay off around 7% of its global workforce in a move that will impact several thousand employees. 18. In total, over 136,000 tech employees have been laid off across 422 companies in 2024, according to industry data. Hearing the news about this layoff today at Cisco. Layoffs have become a regular in the tech industry as companies ready their businesses for the red-hot AI market. The significant rise is due to the major job cuts announced by Intel and Cisco. "This trend seems linked to the sense of urgency created by AI transformation within the industry," said Cisco Layoffs: This comes after Cisco let go of over 4,000 employees during a similar downsizing earlier this year in February. She oversaw the company's transformation to software and subscriptions, but also faced Cisco, the largest maker of the routers and switches that direct internet traffic, has been grappling with sluggish demand and supply-chain constraints in its mainstay business. Some news reports put the total layoffs as Feb 9 (Reuters) - Network giant Cisco , opens new tab is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas This news comes three months after the California-based company projected a 6. In June, the company launched a $1 billion investment fund to back AI-focused startups. has laid off several hundred employees from Google’s Platforms and Devices division, including teams working on Android, Chrome, and other key products, The Information The San Jose-based networking giant plans to cut more than 4,100 jobs, becoming on the latest tech giant to announce layoffs. Cisco Systems says it is planning to lay off 7% of its employees. 10. 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 percentage of hardware in Cisco Layoff February 2024 announced (10-18k projected to be let go) Seems the person from AppDynamics that posted back in January and people were making fun off was right - now if they were right about 10-18k we shall see. The tech layoff wave is still kicking in 2025. Cisco said in its August statement that its second layoff of the year would allow the company to "invest in key growth opportunities and drive more efficiencies. Qualcomm Layoffs The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. Alphabet Inc. The Cisco layoffs 2024 are expected to be officially announced in conjunction with the company's upcoming quarterly earnings report later this week. The technology and networking company announced in August that it would Maria Martinez, Cisco's executive vice president and chief operating officer, is departing the company after six years of service. Intel let off as many as 15,000 of its workforce, while Cisco axed 5,900 jobs. Since January 1st, 2024, 5700+ companies have announced mass layoffs. Cisco last year issued layoff notices to approximately 4,000 employees, or about 5 percent of its workforce across some of its biggest business segments as the company rolled out efforts to Technology companies have continued to lay off staff in 2025, despite the support of the new US administration. Silicon Valley Business Journal Select a City News of Cisco layoffs are trickling out of social media and online forums this week as the IT company seeks to move resources to priority areas of its business. " Cisco is planning to announce a reduction in its workforce, potentially impacting thousands of employees, reports Reuters. All data is sourced from public media reports, with individual Cisco’s layoffs come amid a flurry of similar announcements from large tech firms, News Cisco has unveiled plans to provide free training to 1. News / Business / Cisco layoffs 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. Source : Cisco . Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with Another round of layoffs is coming to Silicon Valley's Cisco Systems. will be laying off hundreds of employees in the Bay Area, according to state filings with the Employment Development Department. As an independent sales person, the company has no idea or does not care how this impacts my world every time this is done. In 2024 alone, over 136,000 employees across 422 tech companies have been affected by layoffs The huge layoff round that Cisco Systems announced in August is slamming a few Bay Area offices, according to new WARN documents filed with the state of California last week. News News: The recent layoffs in the tech industry, with over 27,000 job cuts across giants like Intel, Apple, and Cisco, reflect the sector's shift towards AI a The company later said goodbye to another 350 workers in September 2023 (via layoffs. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs. Trending News. Cisco announced plans to cut 5% of its workforce on Wednesday, the latest tech company to downsize this year. " On the same day, Cisco published its most recent full-year earnings report, in which the company said 2024 was its "second strongest year on record," citing close to $54 billion in annual revenue. [Last update: December 31, 2024] Cisco's layoffs come just two weeks after chipmaker Intel Corp. Total Federal Departures include (1) DOGE-related layoffs, (2) non-DOGE firings, and (3) the deferred resignation program, which covers employees who accepted a paid resignation offer. So far this year, more than SAN FRANCISCO — Cisco Systems, Inc. Silicon Valley headquarters of networking company Cisco, San Jose, California. When the San Jose Cisco is planning to lay off around 7% of its workforce, marking its second major layoff this year. Advertisement. The layoffs, expected to be announced next week, will affect over 6,300 jobs primarily in Silicon Valley. Salesforce in January unveiled plans to lay off 700 employees, or about 1 percent of the company, according to multiple news reports. 9 billion. 5 million people across the EU as part of a major digital skills drive. In total, at the end of this year, Cisco will have laid off 12% of its work force. As of Thursday, more than 130,482 people have received layoff notices from 398 companies since the start of the year, according to Layoffs. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar Cisco Systems confirmed to CRN that it let go 3,500 employees since the start of the COVID-19 pandemic. announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia The layoffs are part of a wider trend in the technology sector, where companies are cutting jobs to deal with economic challenges and a decline in demand. More announced Cisco layoffs have sent CSCO stock higher in today’s session. Watch breaking news and top headlines online on ABP News LIVE TV. This will be the third, and largest, layoff round the network equipment maker has conducted since late 2022 Cisco Systems announced plans to lay off about 7% of its global workforce, roughly 6,000 employees, as it focuses on high-growth sectors like AI and cybersecurity. Cisco’s workforce was approximately 85,000 before these layoffs. At the same time, Cisco is actively hiring for new roles. Cisco doesn’t owe you any employment unlike whatever may sound like, its employment with you is at will. Cisco’s Total Layoff Casualty Count Cisco says third recent round of layoffs will be its largest as RTP employer shifts focus 1 / 2 Open Source: North Carolina just made a big, bold, blue bet on sodium-ion batteries Cisco announces new restructuring plan, to cut 7% of workforce Earlier in February, the company said it would layoff 5% of its workforce amounting to more than 4,000 jobs Cisco Layoffs. 15, while the IBM layoffs were scheduled for Nov. C. Cisco Invests In Hot AI Startup CoreWeave. View More. Cisco confirmed massive layoffs Wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion and affect upwards of 6,000 people, based on the vendor’s Ahead of the end of the tech giant’s fiscal 2023, Cisco has issued more layoff notices to employees as part of its effort to ‘rebalance’ its investment priorities, the company tells CRN. This move marks the second major round of layoffs Layoff Wave Hits Big Tech: 150,000 Jobs Cut as Companies Trim Costs! Nearly 150,000 employees of large corporations, including Tesla, Intel, Microsoft, and Cisco, are facing layoffs as part of a massive wave of layoffs in the IT sector in 2024. The company announced its latest headcount reduction would eliminate at least 4,000 employees. layoffs See full discussion thread at TheLayoff. The job cuts will impact 134 Feb 14 (Reuters) - Cisco Systems , opens new tab said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough Cisco Systems' earnings and revenue topped Wall Street estimates on Wednesday despite a third straight quarter of losses and an announced 7% cut to the tech company's global workforce. By Emma Woollacott "Our goal is to transform partner success": Cisco just announced a major overhaul of its partner program Cisco is one of several large tech players recently conducting layoffs. 6% annual revenue drop and a slight decrease in adjusted earnings per share. Come to this site often, and hopefully you get timely updates. Cisco’s widely publicized layoffs have affected over 9,000 workers this year—about 4,000 in a layoff of about 5% of the total employee population in February 2024, and another, more recent, layoff of about 5,600 (or roughly 7%) in September. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. The Advantest staffing reductions were due to occur Nov. Cisco's layoffs are just the latest in what has been another terrible year (so far) for the tech industry. Strategic shift Restructuring plan aims to drive business efficiency. S. Intel announced it was eliminating 16,000 people – or 15 percent of its global workforce – to curb capital expenses. 22, the WARN notices showed. Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high-growth areas such as AI and The mass layoffs come on top of another round of cuts Cisco made earlier this year: Cisco had said in February it would cut 5% of its global workforce, or more than 4,000 jobs, while lowering its U. Cisco Systems plans to eliminate thousands more jobs in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts its focus to faster-growing businesses such The tech sector witnessed a significant increase in job losses in August, with over 27,000 employees affected. News. #Donald Trump # Waqf Amendment Bill # Rajya Sabha # Syria Civil War. The US networking giant The following is a list of major layoffs, job cuts, and hiring freezes announced by leading companies in 2024. Subscribe to Intellizence to get complete data on layoffs, downsizing, job cuts, and hiring freezes curated from news sources and WARN filings. The job cuts will Cisco Systems is set to implement a second wave of layoffs this year, with thousands of employees expected to be affected, according to sources familiar with the situation. (WTVD) -- A major shakeup could soon come to the tech industry as stalwart giant Cisco may be undergoing another round of layoffs as early as Wednesday. Cisco Layoffs 2024 - post regarding Cisco Systems Inc. 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 percentage of hardware in Cisco Systems, the renowned US-based networking equipment manufacturer, is preparing for a significant workforce reduction, according to Reuters. Dell also began cutting its workforce by an undisclosed number in order to shift to a strategy that will unlock "the value of modern IT and AI. I will pull every other product of of my bag before I offer Cisco to my clients unless it is all that's left in the bag. The number of affected workers in the Research Triangle, (Bloomberg) -- Cisco Systems Inc. That's its second round of job cuts this year as the company shifts its focus to more rapidly growing areas in U. plans to eliminate thousands more jobs in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts its focus to faster-growing businesses U. The technology and networking company announced in August that it would reduce its headcount by 7% Cisco news and analysis Cisco, Google Cloud offer enterprises new way to connect SD-WANs. iebw sxgw xovjpft fgfpji svroc nyww yglocg mio swrnov dzfdr mujwbjs pdgayu hzof gcwaky zpk
Cisco layoff news. Cisco Invests In Hot AI Startup CoreWeave.
Cisco layoff news The company says this is part of a restructuring, and workers Cisco layoffs: This is the second time that the tech company has announced layoffs this year. In July, Cisco laid off more than 480 employees at both its San Jose The move marks Cisco’s second round of layoffs in 2024, adding to the departure of approximately 4,000 employees in February. The mass layoffs come on top of another round of cuts Cisco made earlier this year: Cisco had said in February it would cut 5% of its global workforce, or more than 4,000 The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. This followed an earlier layoff round in February, which resulted in 4,000 job losses. Last week brought news that Dell is cutting thousands of jobs as part of AI-focused Cisco Systems in August said it plans to lay off about 7 percent of its global workforce, or over 5,000 employees, as part of a major restructuring. April Google. Employees, including those from Cisco's Talos Security division focusing on threat intelligence and security research, were informed of the layoffs on September 16. fyi, a portal that keeps track of layoffs in real-time. During September, only 30 companies laid off 3,765 employees, a contrast to the previous month, which saw major companies like Intel and Cisco cutting 15,000 and 5,900 Salesforce: 1,000 Layoffs. Silicon Valley Tech News Tech DAILY NEWSLETTER While August saw a significant rise in job cuts, July reported 39 companies firing 9,051 staff as reported by layoffs. Earlier in February, Cisco had laid off close to 4,000 employees. 2 billion to $1. This move marks the second wave of layoffs for the company in 2024, as Cisco Layoffs to Affect Over 4,000 Employees Efficiency is everything these days, and tech companies everywhere that arguably got bloated during the post-pandemic hiring spree are clearly pulling TECH NEWS : Cisco Systems announced plans to lay off about 7% of its global workforce, roughly 6,000 employees, as it focuses on high-growth sectors like AI and c Cisco will cut thousands of jobs in a second round of layoffs this year as the U. The company has announced a new wave of layoffs, as many as 6,000, according to one report. The San Jose company says it's planning to layoff 7% of its global workforce as it shifts focus to AI and cybersecurity. Cisco officials confirmed to Channel Futures that layoffs have taken place this week, although they noted that the cuts tie back to the restructuring plan the vendor announced almost a News News Based on facts, either observed and verified directly by the reporter, New waves of Cisco layoffs surface as tech job cuts worsen in Bay Area Tech layoffs, 2-plus years: 46,000 jobs This is the second round of layoffs for Cisco in 2024, following an earlier reduction of nearly 4,000 employees in February. SAN FRANCISCO (KRON) — Cisco Systems, Inc. In Q3, Cisco saw its net income plunge 41 percent YoY from $3. As of July 2023, the company had around 83,000 employees worldwide. com 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. Dell Technologies reported the slashing of thousands of jobs this year. (Read more Cisco news and insights) RESEARCH TRIANGLE PARK, N. The technology and networking company announced in August that it would reduce its headcount by 7% The Layoff discussion - User says: ``Cisco Layoffs 2024'' regarding Cisco Systems Inc. Here's an updated timeline of notable layoffs, and reasons why Big Tech is in turmoil. According to Richard Scott Herren, EVP & CFO of Cisco, the drivers between both rounds of layoffs remain the same. This latest reduction follows a previous downsizing in February when Cisco laid off over 4,000 employees. Cisco is the latest company to join the bandwagon and implement layoffs in the organization. Cisco just had 100+ TAC jobs eliminated in Belgium, so layoffs are routinely happening. Apriil 9, 2025: Cisco layoffs hit California workers Sept. as well as layoffs. . Here we go again. The Cisco job cuts were scheduled to take effect on Nov. The tech behemoth, which has been heavily investing in the AI space as evidenced by its massive $28 billion acquisition of Splunk, this fall agreed The Cost of Layoffs. Tech giant Cisco has announced a new round of layoffs this year, resulting in job losses for approximately 5,600 employees, representing about 7 per cent of the company's workforce. Cisco will cut thousands of jobs in a second round of layoffs this year as the US networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar Tech Layoffs: September experienced a decline in tech layoff numbers after a significant surge in August, when 44 companies let go of 27,065 employees—the highest number since January 2024. This decision follows a 10% Cisco’s latest round of layoffs will impact approximately 4,150 employees, which is about 5% of its total workforce. LATEST NEWS. So far this year, the industry has seen over 136,000 tech Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar Cisco has started laying off thousands of employees about a month after announcing the second round of job cuts this year. fyi. The company plans to reduce its headcount by 7%, or around 5,600 employees. ” A new round of layoff announcements at Dell and Cisco are a result of both companies currently losing core market share to new industry competitors: Arista Networks for Cisco, in their core Cisco’s current round of layoffs will impact about 6,000 jobs as the company looks to sharpen its focus on AI networking, security and collaboration. This newest round of layoffs is hardly unsurprising, given that Cisco announced its intention to reduce headcount in August 2024 but delayed releasing details about which employees and departments A report by TechCrunch, as mentioned by the news report, reveals that approximately 5,600 jobs, representing 7 per cent of Cisco’s workforce, are being laid off as part of the company’s ongoing cost-management efforts amid declining demand. More folks getting fired every day, and on PIP as Cisco way to save paying severances. plans to eliminate thousands more jobs in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts Cisco Systems confirmed massive layoffs Wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion. which is more and more frequent. Cisco spokesperson Robyn Blum said in an email to SFGATE that the layoff is meant to allow the company to invest in “key growth opportunities and drive more efficiency in our business. Major tech firms, including Intel, IBM, and Cisco, along with more than 40 smaller startups, announced substantial layoffs. Founder Compensation Plummets 43% as Capital Efficiency Cisco layoffs loom as well as a reduction in the company’s real estate footprint as Cisco seeks to “right size” some of its business units, including Cisco Collaboration, Cisco’s CEO and This week, Cisco started implementing layoffs totaling 5% of its workforce. The company is facing declining demand and high costs as it invests in AI. fyi), however the latest reporting suggests that Cisco’s 2024 layoffs could account for the loss of more jobs In addition to declining revenues, the firm has also grappled with falling profits. 20, 2024: Cisco Systems Inc. The purge follows Cisco’s late 2022 cutbacks that shed 5,000 workers and ahead On Wednesday, Cisco announced it will lay off around 7% of its global workforce in a move that will impact several thousand employees. 18. In total, over 136,000 tech employees have been laid off across 422 companies in 2024, according to industry data. Hearing the news about this layoff today at Cisco. Layoffs have become a regular in the tech industry as companies ready their businesses for the red-hot AI market. The significant rise is due to the major job cuts announced by Intel and Cisco. "This trend seems linked to the sense of urgency created by AI transformation within the industry," said Cisco Layoffs: This comes after Cisco let go of over 4,000 employees during a similar downsizing earlier this year in February. She oversaw the company's transformation to software and subscriptions, but also faced Cisco, the largest maker of the routers and switches that direct internet traffic, has been grappling with sluggish demand and supply-chain constraints in its mainstay business. Some news reports put the total layoffs as Feb 9 (Reuters) - Network giant Cisco , opens new tab is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas This news comes three months after the California-based company projected a 6. In June, the company launched a $1 billion investment fund to back AI-focused startups. has laid off several hundred employees from Google’s Platforms and Devices division, including teams working on Android, Chrome, and other key products, The Information The San Jose-based networking giant plans to cut more than 4,100 jobs, becoming on the latest tech giant to announce layoffs. Cisco Systems says it is planning to lay off 7% of its employees. 10. 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 percentage of hardware in Cisco Layoff February 2024 announced (10-18k projected to be let go) Seems the person from AppDynamics that posted back in January and people were making fun off was right - now if they were right about 10-18k we shall see. The tech layoff wave is still kicking in 2025. Cisco said in its August statement that its second layoff of the year would allow the company to "invest in key growth opportunities and drive more efficiencies. Qualcomm Layoffs The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. Alphabet Inc. The Cisco layoffs 2024 are expected to be officially announced in conjunction with the company's upcoming quarterly earnings report later this week. The technology and networking company announced in August that it would Maria Martinez, Cisco's executive vice president and chief operating officer, is departing the company after six years of service. Intel let off as many as 15,000 of its workforce, while Cisco axed 5,900 jobs. Since January 1st, 2024, 5700+ companies have announced mass layoffs. Cisco last year issued layoff notices to approximately 4,000 employees, or about 5 percent of its workforce across some of its biggest business segments as the company rolled out efforts to Technology companies have continued to lay off staff in 2025, despite the support of the new US administration. Silicon Valley Business Journal Select a City News of Cisco layoffs are trickling out of social media and online forums this week as the IT company seeks to move resources to priority areas of its business. " Cisco is planning to announce a reduction in its workforce, potentially impacting thousands of employees, reports Reuters. All data is sourced from public media reports, with individual Cisco’s layoffs come amid a flurry of similar announcements from large tech firms, News Cisco has unveiled plans to provide free training to 1. News / Business / Cisco layoffs 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. Source : Cisco . Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with Another round of layoffs is coming to Silicon Valley's Cisco Systems. will be laying off hundreds of employees in the Bay Area, according to state filings with the Employment Development Department. As an independent sales person, the company has no idea or does not care how this impacts my world every time this is done. In 2024 alone, over 136,000 employees across 422 tech companies have been affected by layoffs The huge layoff round that Cisco Systems announced in August is slamming a few Bay Area offices, according to new WARN documents filed with the state of California last week. News News: The recent layoffs in the tech industry, with over 27,000 job cuts across giants like Intel, Apple, and Cisco, reflect the sector's shift towards AI a The company later said goodbye to another 350 workers in September 2023 (via layoffs. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs. Trending News. Cisco announced plans to cut 5% of its workforce on Wednesday, the latest tech company to downsize this year. " On the same day, Cisco published its most recent full-year earnings report, in which the company said 2024 was its "second strongest year on record," citing close to $54 billion in annual revenue. [Last update: December 31, 2024] Cisco's layoffs come just two weeks after chipmaker Intel Corp. Total Federal Departures include (1) DOGE-related layoffs, (2) non-DOGE firings, and (3) the deferred resignation program, which covers employees who accepted a paid resignation offer. So far this year, more than SAN FRANCISCO — Cisco Systems, Inc. Silicon Valley headquarters of networking company Cisco, San Jose, California. When the San Jose Cisco is planning to lay off around 7% of its workforce, marking its second major layoff this year. Advertisement. The layoffs, expected to be announced next week, will affect over 6,300 jobs primarily in Silicon Valley. Salesforce in January unveiled plans to lay off 700 employees, or about 1 percent of the company, according to multiple news reports. 9 billion. 5 million people across the EU as part of a major digital skills drive. In total, at the end of this year, Cisco will have laid off 12% of its work force. As of Thursday, more than 130,482 people have received layoff notices from 398 companies since the start of the year, according to Layoffs. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar Cisco Systems confirmed to CRN that it let go 3,500 employees since the start of the COVID-19 pandemic. announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia The layoffs are part of a wider trend in the technology sector, where companies are cutting jobs to deal with economic challenges and a decline in demand. More announced Cisco layoffs have sent CSCO stock higher in today’s session. Watch breaking news and top headlines online on ABP News LIVE TV. This will be the third, and largest, layoff round the network equipment maker has conducted since late 2022 Cisco Systems announced plans to lay off about 7% of its global workforce, roughly 6,000 employees, as it focuses on high-growth sectors like AI and cybersecurity. Cisco’s workforce was approximately 85,000 before these layoffs. At the same time, Cisco is actively hiring for new roles. Cisco doesn’t owe you any employment unlike whatever may sound like, its employment with you is at will. Cisco’s Total Layoff Casualty Count Cisco says third recent round of layoffs will be its largest as RTP employer shifts focus 1 / 2 Open Source: North Carolina just made a big, bold, blue bet on sodium-ion batteries Cisco announces new restructuring plan, to cut 7% of workforce Earlier in February, the company said it would layoff 5% of its workforce amounting to more than 4,000 jobs Cisco Layoffs. 15, while the IBM layoffs were scheduled for Nov. C. Cisco Invests In Hot AI Startup CoreWeave. View More. Cisco confirmed massive layoffs Wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion and affect upwards of 6,000 people, based on the vendor’s Ahead of the end of the tech giant’s fiscal 2023, Cisco has issued more layoff notices to employees as part of its effort to ‘rebalance’ its investment priorities, the company tells CRN. This move marks the second major round of layoffs Layoff Wave Hits Big Tech: 150,000 Jobs Cut as Companies Trim Costs! Nearly 150,000 employees of large corporations, including Tesla, Intel, Microsoft, and Cisco, are facing layoffs as part of a massive wave of layoffs in the IT sector in 2024. The company announced its latest headcount reduction would eliminate at least 4,000 employees. layoffs See full discussion thread at TheLayoff. The job cuts will impact 134 Feb 14 (Reuters) - Cisco Systems , opens new tab said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough Cisco Systems' earnings and revenue topped Wall Street estimates on Wednesday despite a third straight quarter of losses and an announced 7% cut to the tech company's global workforce. By Emma Woollacott "Our goal is to transform partner success": Cisco just announced a major overhaul of its partner program Cisco is one of several large tech players recently conducting layoffs. 6% annual revenue drop and a slight decrease in adjusted earnings per share. Come to this site often, and hopefully you get timely updates. Cisco’s widely publicized layoffs have affected over 9,000 workers this year—about 4,000 in a layoff of about 5% of the total employee population in February 2024, and another, more recent, layoff of about 5,600 (or roughly 7%) in September. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. The Advantest staffing reductions were due to occur Nov. Cisco's layoffs are just the latest in what has been another terrible year (so far) for the tech industry. Strategic shift Restructuring plan aims to drive business efficiency. S. Intel announced it was eliminating 16,000 people – or 15 percent of its global workforce – to curb capital expenses. 22, the WARN notices showed. Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high-growth areas such as AI and The mass layoffs come on top of another round of cuts Cisco made earlier this year: Cisco had said in February it would cut 5% of its global workforce, or more than 4,000 jobs, while lowering its U. Cisco Systems plans to eliminate thousands more jobs in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts its focus to faster-growing businesses such The tech sector witnessed a significant increase in job losses in August, with over 27,000 employees affected. News. #Donald Trump # Waqf Amendment Bill # Rajya Sabha # Syria Civil War. The US networking giant The following is a list of major layoffs, job cuts, and hiring freezes announced by leading companies in 2024. Subscribe to Intellizence to get complete data on layoffs, downsizing, job cuts, and hiring freezes curated from news sources and WARN filings. The job cuts will Cisco Systems is set to implement a second wave of layoffs this year, with thousands of employees expected to be affected, according to sources familiar with the situation. (WTVD) -- A major shakeup could soon come to the tech industry as stalwart giant Cisco may be undergoing another round of layoffs as early as Wednesday. Cisco Layoffs 2024 - post regarding Cisco Systems Inc. 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 percentage of hardware in Cisco Systems, the renowned US-based networking equipment manufacturer, is preparing for a significant workforce reduction, according to Reuters. Dell also began cutting its workforce by an undisclosed number in order to shift to a strategy that will unlock "the value of modern IT and AI. I will pull every other product of of my bag before I offer Cisco to my clients unless it is all that's left in the bag. The number of affected workers in the Research Triangle, (Bloomberg) -- Cisco Systems Inc. That's its second round of job cuts this year as the company shifts its focus to more rapidly growing areas in U. plans to eliminate thousands more jobs in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts its focus to faster-growing businesses U. The technology and networking company announced in August that it would reduce its headcount by 7% Cisco news and analysis Cisco, Google Cloud offer enterprises new way to connect SD-WANs. iebw sxgw xovjpft fgfpji svroc nyww yglocg mio swrnov dzfdr mujwbjs pdgayu hzof gcwaky zpk