CISCO LAYOFFS

Cisco announces workforce reduction, affecting 5% of global employees or over 4,000 jobs. Layoffs in Silicon Valley may increase as industry shifts towards artificial intelligence. Tech layoffs in late 2022 and early 2023 were significant. Cisco rep...

Analysts expect demand for Cisco's products to remain under pressure, as clients in the telecom industry restrict spending, prioritizing clearing their excess inventory of networking gear.

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.

Companies will continue to focus on how best to utilise existing capacity and go slow on hiring, except for niche skills, as demand constraints and lack of visibility continue to weigh on the entire tech cohort of services, products and tech enabled...

The layoff wave has swept not only startups and mid-sized firms, but also big tech companies such as Amazon, Microsoft, and Google parent Alphabet, among others.

Interest rate hikes by global central banks to tame stubborn inflation have weighed on consumer and corporate spending, affecting the outlook for companies from Amazon.com Inc and Walt Disney Co to Wall Street heavyweights Goldman Sachs Group and Mo...

The company said in a regulatory filing in the US that Tomb's contract was abruptly terminated "without cause".

It is imperative for companies to place learning and upskilling in the hands of their employees, says Kelly Jones, SVP and chief people officer, Cisco. In an interview, Jones says the company has rolled out an initiative under which employees can en...

Dell will lay off about 5% of its workforce as the company is experiencing market conditions that "continue to erode with an uncertain future," according to a memo from COO Jeff Clarke.

Big tech firms such as Meta, Twitter, Amazon, Alphabet, and Microsoft announced en masse layoffs last year citing 'global uncertainty, dwindling ad revenue, rising inflation and over hiring during the pandemic'.

In November, the most recent month for which data is available, the sector announced 52,771 cuts, for a total of 80,978 over the course of the year

On one side, analysts are predicting a further slowdown, industry leaders are anticipating a positive outlook. Despite these crises, it is projected that there will be a very high demand for IT services in 2023 as businesses advance their digital bu...

In 2008, tech companies laid off about 65,000 employees, and a similar number of workers lost their livelihoods in 2009. By comparison, 965 tech companies laid off more than 150,000 employees this year globally.

According to Silicon Valley Business Journal, impacted workers took to TheLayoff.com and Blind portal to post about their job cuts at the company. Impacted by Cisco layoffs!" one company employees said on Blind.

Getting sacked during the holiday season is a blow to any worker. But for foreigners on temporary work visas, the challenges go far beyond managing without paychecks. They must find jobs within 60 days at another company willing to sponsor them for ...

Layoffs are inevitable in the current business environment and HR heads at companies like Cisco, Deloitte, EY and UpGrad, as well as executives at staffing and recruitment firms Randstad, ManpowerGroup, Adecco and ABC Consultants said recruiters are...

India R&D centre, founded in 2007 and called the Globalization Centre East -Cisco even calls it its second global headquarters -has done some successful developments.

A Cisco spokesperson absolutely denies that Chambers is still running the show, because Cisco considers Chambers to be reporting to Robbins.

On Wednesday, Cisco CEO Chuck Robbins was asked about it at the last moment, but he didn't comment on it.