Cisco Plans Another Round of Massive Layoffs Amid Strategic Shift 📉

News & Articles
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Summary:

  1. Second Layoff Round
    Cisco is preparing for a second round of layoffs this year, affecting thousands of employees.

  2. Focus on Growth Areas
    The company is shifting its focus to cybersecurity and AI, which are seen as higher-growth areas.

  3. Upcoming Announcement
    Details of the layoffs are expected to be announced with Cisco’s fourth-quarter results.

Read more at: Reuters