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Cisco lays off 5,600 employees (7% of workforce) to cut costs and refocus on growth areas.
Cisco Systems has announced a significant layoff of 5,600 employees, representing 7% of its workforce, following a previous reduction of 4,000 jobs in February.
The company aims to cut costs and refocus on growth areas, including artificial intelligence.
Despite these layoffs, Cisco reported $54 billion in annual revenue for 2024, marking its second strongest year.
Employee discontent is rising due to uncertainty about affected departments.
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Cisco despide a 5.600 empleados (7% de la mano de obra) para reducir costos y volver a centrarse en las áreas de crecimiento.