After large technology companies such as Google announced layoffs one after another, it was also reported that Cisco, a large network communications company, will once again restructure its business through layoffs, which may affect thousands of employees.
Cisco is rumored to be restructuring its business through layoffs again, which may affect thousands of employees
Reuters News obtained information allegingCisco will conduct large-scale layoffs, and the actual number of people affected has not yet been confirmed. It is expected to be announced together with the new quarter financial results.
Cisco currently has approximately 84,900 employees worldwide. In 2022, it laid off as many as 4,000 employees, affecting about 5% of its employees. In 2023, it also laid off hundreds of employees.
The layoffs this time are said to be for organizational restructuring and to focus on more developmental businesses, but Cisco has not responded to market rumors.
Due to the impact of epidemics, wars, finance and other factors in recent years, many large technology companies such as Google, Amazon, Microsoft, etc. have successively laid off employees. Many reasons are related to the expansion of talent recruitment during the epidemic, but after the epidemic, they must streamline their headcount to benefit. In order to maintain operating costs, there are also many factors and the readjustment of the current business, which has led to changes in many employee positions, and the organizational structure must be adjusted through layoffs.
according toLayoffs.fyi websiteStatistics show that in 2023 alone, about 1,191 technology companies have laid off more than 260,000 employees, and since the beginning of 2024, more than 100 technology companies have laid off more than 30,000 employees.
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2024-02-13 15:50:21
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