By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Mum of emaciated baby in Gaza says ‘I lost my husband… I don’t want to lose her’ | World News
    Mum of emaciated baby in Gaza says ‘I lost my husband… I don’t want to lose her’ | World News
    May 24, 2025
    The President’s Daily Brief: No Assembly Required?
    The President’s Daily Brief: No Assembly Required?
    May 23, 2025
    Rescue bid launched for hundreds trapped in South African gold mine | Mining News
    Rescue bid launched for hundreds trapped in South African gold mine | Mining News
    May 23, 2025
    German chancellor backs ban on Nord Stream – FT — RT World News
    German chancellor backs ban on Nord Stream – FT — RT World News
    May 23, 2025
    Stock market today: Live updates
    Stock market today: Live updates
    May 23, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Crypto market braces for impact amid Trump’s tense global tariff negotiations
    Crypto market braces for impact amid Trump’s tense global tariff negotiations
    May 24, 2025
    Vameon’s dEmpire of Vampire: The GameFi Comeback We’ve Been Waiting For
    Vameon’s dEmpire of Vampire: The GameFi Comeback We’ve Been Waiting For
    May 24, 2025
    Stablecoins Could Obliterate  Trillion In Global Costs—Anthony Scaramucci
    Stablecoins Could Obliterate $7 Trillion In Global Costs—Anthony Scaramucci
    May 23, 2025
    Index Declines 3.2% as All Assets Trade Lower
    Index Declines 3.2% as All Assets Trade Lower
    May 23, 2025
    XRP price fails to respond to two extremely bullish developments — Here is why
    XRP price fails to respond to two extremely bullish developments — Here is why
    May 23, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Cisco to cut thousands of jobs as it seeks to focus on high growth areas: Sources
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > Cisco to cut thousands of jobs as it seeks to focus on high growth areas: Sources
Cisco to cut thousands of jobs as it seeks to focus on high growth areas: Sources
Business

Cisco to cut thousands of jobs as it seeks to focus on high growth areas: Sources

Published February 9, 2024
Share
2 Min Read
SHARE

By Utkarsh Shetti and Supantha Mukherjee

(Reuters) – Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter.

The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website.

The company is still deciding on the total number of employees to be affected by the layoffs, one person said.

An announcement could come as early as next week, as the company prepares for its earnings call on Feb. 14.

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.

The move would come at a time when tech companies, including telecom makers Nokia and Ericsson, cut thousands of jobs last year in a bid to lower costs.

Several big tech firms such as Amazon, Alphabet and Microsoft have implemented layoffs in recent weeks.

Cisco had cut its full-year revenue and profit forecasts in its previous earnings call, in a sign that demand for its networking equipment was slowing.

It had blamed the weakness on a slowdown in orders in the first quarter, saying “customers are currently focused on installing and implementing products in their environments.”

The company has in recent years grappled with supply chain issues and a post-pandemic slowdown in demand, which has hastened its push into software offerings like cybersecurity.

(Reporting by Utkarsh Shetti in Bengaluru and Supantha Mukherjee in Stockholm; Editing by Chris Reese)

#Cisco #cut #thousands #jobs #seeks #focus #high #growth #areas #Sources

TAGGED:areasCiscocutFocusgrowthhighjobsseeksSourcesThousands
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Haas sponsor MoneyGram takes Steiner exit in its stride Haas sponsor MoneyGram takes Steiner exit in its stride
Next Article U.K. police say London chemical attack suspect likely vanished in the Thames – National U.K. police say London chemical attack suspect likely vanished in the Thames – National
- Advertisement -

Latest Post

Crypto market braces for impact amid Trump’s tense global tariff negotiations
Crypto market braces for impact amid Trump’s tense global tariff negotiations
Cryptocurrency
Mum of emaciated baby in Gaza says ‘I lost my husband… I don’t want to lose her’ | World News
Mum of emaciated baby in Gaza says ‘I lost my husband… I don’t want to lose her’ | World News
World News
Vameon’s dEmpire of Vampire: The GameFi Comeback We’ve Been Waiting For
Vameon’s dEmpire of Vampire: The GameFi Comeback We’ve Been Waiting For
Cryptocurrency
The President’s Daily Brief: No Assembly Required?
The President’s Daily Brief: No Assembly Required?
World News
Stablecoins Could Obliterate  Trillion In Global Costs—Anthony Scaramucci
Stablecoins Could Obliterate $7 Trillion In Global Costs—Anthony Scaramucci
Cryptocurrency
Rescue bid launched for hundreds trapped in South African gold mine | Mining News
Rescue bid launched for hundreds trapped in South African gold mine | Mining News
World News
- Advertisement -

You Might Also Like

Binance seeks protective order against SEC’s ‘fishing expedition’
Cryptocurrency

Binance seeks protective order against SEC’s ‘fishing expedition’

August 15, 2023
Facing legal peril, Trump calls on GOP to rally around him and focus on investigating Biden
World News

Facing legal peril, Trump calls on GOP to rally around him and focus on investigating Biden

July 31, 2023
UK petrol prices rise above 150p a litre for first time since January
Business

UK petrol prices rise above 150p a litre for first time since January

August 22, 2023
UK Automotive Sector Faces Critical Skills Gap “Timebomb,” Warns GSF Car Parts CEO
Business

UK Automotive Sector Faces Critical Skills Gap “Timebomb,” Warns GSF Car Parts CEO

June 14, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?