Cisco Layoffs 2024. Cisco reported second quarter revenue of $12.8 billion. Cisco systems, based in san jose, california, unveiled its plan to lay off more than 4,000 employees, representing approximately 5 percent of its global workforce.
Cisco is reducing its workforce by 5%, amounting. The mass layoffs announced wednesday in conjunction with cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. Close to 144 tech companies have announced layoffs.
The Workforce Restructuring At Cisco Is Not An Isolated Incident In The Tech Industry.
More than 34,000 tech employees have been laid off since the start of 2024, according to data. Cisco is reducing its workforce by 5%, amounting. 27, according to a statement.
Cisco Is Slashing Thousands Of Jobs.
The cisco layoffs 2024 are expected to be officially announced in conjunction with the company’s. The computer networking giant revealed that approximately 5. Count on 20,000 layoffs in calendar year 2024 to make room for splunk employees and account for declining revenues
Close To 144 Tech Companies Have Announced Layoffs.
Cisco is the latest healthy tech company to cut jobs with 4,000 layoffs.
Images References :
The Workforce Restructuring At Cisco Is Not An Isolated Incident In The Tech Industry.
More than 34,000 tech employees have been laid off since the start of 2024, according to data. Last year was brutal for the tech sector with 1,186 companies laying off about 262,242 employees in 2023. Cisco's revenue declined 6% year over year during the quarter, which ended on jan.
The New Year Brings More Job Cuts To The Tech Industry As Layoffs Continue In 2024.
Last year, tech giants including amazon, cisco, facebook parent. Csco) layoffs are coming for employees of the internet communications company as it prepares for major job cuts in the near future. Cisco’s move adds to total tech firms’ layoff tally at about 35,000 in 2024 so far, according to layoffs.fyi, which tracks tech job cuts.
Cisco Indicated That The Layoffs Would Begin This Year And Continue.
Count on 20,000 layoffs in calendar year 2024 to make room for splunk employees and account for declining revenues Cisco systems, based in san jose, california, unveiled its plan to lay off more than 4,000 employees, representing approximately 5 percent of its global workforce. Cisco did not respond to crn’s request for comment on the potential job cuts before publication.
At The Event, Cisco Launched A Webex App For.
Cisco is the latest healthy tech company to cut jobs with 4,000 layoffs. 2024, cisco announced a restructuring plan in order. Will 2024 see as many tech layoffs as 2023?
The Cisco Logo Is Displayed In Front Of Cisco Headquarters On February 09, 2024 In San Jose, California.(Getty Images Via Afp).
Net income fell to $2.63 billion, or 65 cents per share,. Cisco systems inc., the largest maker of computer networking equipment, plans to cut thousands of jobs after a slowdown in corporate. Cisco is expected to report q2 2024 earnings on february 14.