Wednesday, June 12, 2024

Cisco Cuts 1,300 Jobs in ‘Limited Restructuring’

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NetworkWorld: Networking heavyweight Cisco says that it plans to trim 2 percent of its global workforce, eliminating 1,300 jobs. “We routinely review our business to determine where we need to align investment based on growth opportunities. Additionally, we continue to evaluate our organizational structure as part of our plan to drive simplicity, speed of decisions and agility across Cisco,” said spokesperson Karen Tillman. “As we focus on both of these efforts, we are performing a focused set of limited restructurings that will collectively impact approximately 2 percent of our global employee population. These actions, subject to local legal requirements, including consultation where required, are part of a continuous process of simplifying the company, as well as assessing the economic environment in certain parts of the world.”

Last July, Cisco announced plans to cut 6,500 jobs.

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