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SAN JOSE, Calif. - Hundreds of Cisco Systems employees will be laid off as the company shifts focus to artificial intelligence and cybersecurity. Newly released state documents show that the ...
Cisco indicated that the layoffs would begin this year and continue into next year, saying severance and other termination benefits for employees would cost the company a total of nearly $800 million.
August 9, 2024 at 3:12 PM. By Utkarsh Shetti and Supantha Mukherjee. (Reuters) -Cisco will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker ...
Cisco Systems, Inc. (using the trademark Cisco) is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware , software , telecommunications equipment and other high-technology services and products. [ 4 ]
The majority of companies acquired by Cisco are based in the United States (U.S.) and a total of 149 companies have been acquired as of March 2011 [update]. [ 6 ] Most of the companies acquired by Cisco are related to computer networking, with several LAN switching and Voice over Internet Protocol (VoIP) companies included in the list of ...
A tech union is a trade union for tech workers typically employed in high tech or information and communications technology sectors. Due to the evolving nature of technology and work, different government agencies have conflicting definitions for who is a tech worker. Most definitions include computer scientists, people working in IT ...
(Reuters) -Cisco Systems 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 economy that has led to ...
On September 21, 2023 Cisco announced it would acquire Splunk for $28 billion in an all-cash deal. [7] In November 2023, the company announced layoffs affecting 7% or 500 of its employees, following an earlier reduction of 300 staff in the same year.