Cisco Initiates Layoffs Across Multiple Business Units Amid Restructuring
Cisco has commenced layoffs across various business units as part of a rebalancing strategy aimed at prioritizing investments. This action follows the company’s previous layoffs affecting over 4,000 employees in late 2022, as part of a $600 million restructuring plan.
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Cisco has initiated layoffs impacting various business units, including Cisco Application Centric Infrastructure, Collaboration, Data Center Services, Experience Centers, Security Business Group, Servers, and Webex. The exact number of job cuts remains unspecified, although reports indicate significant internal announcements have been made.
This round follows a previous layoff of over 4,000 employees in late 2022. The ongoing restructuring aims to enhance investment priorities amidst evolving technology demands, potentially affecting Cisco's competitive positioning in the market.
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