Cisco says it's cutting 5% of global workforce, amounting to over 4,000 jobs
Publishing timestamp: 2024-02-14 20:43:17
Summary
Cisco plans to cut 5% of its workforce, resulting in the elimination of about 4250 jobs. The company's quarterly results were strong, but its full-year forecasts were light. The tech industry has seen a wave of job cuts in 2024, and Cisco is the latest company to downsize.
Sentiment: MIXED
Keywords: breaking news: technology, cisco systems inc, splunk inc, layoffs, business news,