Cisco Layoffs 2024 India. In february 2024, cisco announced that it is laying off over 4,000 of its employees. Data from layoffs.fyi, a platform tracking tech layoffs, indicates that nearly 35,000 job cuts have been announced across the sector in 2024 alone.
Tech layoffs in late 2022 and early 2023 were. In november 2022, cisco announced during an earnings call a restructuring that impacted roughly 5% of its workforce which lead to $600 million in severance and other charges.cisco declined to comment.
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Why Are It Companies Reducing Workforce?
Cisco announces it is laying off thousands of workers.
The Tech Company Reportedly Fired Around 5 Per Cent Of Its Workforce In 2022.
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Layoffs In Silicon Valley May Increase As Industry Shifts Towards Artificial Intelligence.
Looking ahead, cisco anticipates sales of $12.1 billion to $12.3 billion for the fiscal third quarter, ending in april, falling short of analysts' average estimate of $13.1 billion.
The Cuts Bring Total Tech Industry Job Losses To Around 50,000 In 2024 So.
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Cisco Fired As Many As 700 Employees, As Per Reports.
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