Location: San Jose, California, USA.
Based on news reporting.
Cisco Systems, Inc. has announced significant layoffs, cutting approximately 4,000 jobs as part of a strategic shift towards artificial intelligence, despite reporting record revenue. The layoffs are part of a broader restructuring effort aimed at enhancing operational efficiency and aligning resources with future growth areas. This decision comes as the company navigates a rapidly changing tech landscape, emphasizing the need to adapt to new market demands. The layoffs are expected to impact various departments, although specific details on affected areas have not been disclosed. The company aims to streamline its workforce to better position itself for upcoming challenges and opportunities in the tech industry.
Cisco Systems, Inc. cut 4,000 jobs as of October 1, 2023.
That is roughly 4.4% of the 90,400 people Cisco Systems, Inc. employs.
LayoffTalk has tracked 15 layoff events at Cisco Systems, Inc. since October 2023, affecting a combined 9,842 employees.
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