Cisco Layoffs: Networking Giant Announces Second Round of Job Cuts This Year, Laying Off 6,000 Employees
Cisco is reportedly planning to lay off around 6,000 employees, approximately 7 percent of its global workforce, as part of a restructuring effort to reallocate resources toward emerging areas like artificial intelligence (AI) and cybersecurity, aiming to save USD 1 billion and focus on future growth in these sectors.