Search results
Results From The WOW.Com Content Network
Technology company Cisco announced Wednesday that it plans to lay off 5% of its global workforce, amounting to thousands of employees, as part of a company-wide restructuring.
The purge follows Cisco’s late 2022 cutbacks that shed 5,000 workers and ahead of its $28 billion acquisition of Splunk, a deal that management now expects to complete by April 30.
By Akash Sriram (Reuters) -Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that ...
Later that year, the company announced it was laying off another 6,000 workers or 8% of its global workforce, as part of a second restructuring. On November 4, 2014, Cisco announced an investment in Stratoscale. On May 4, 2015, Cisco announced CEO and Chairman John Chambers would step down as CEO on July 26, 2015, but remain chairman.
Scientific Atlanta, Inc. was a Georgia, United States–based manufacturer of cable television, telecommunications, and broadband equipment.Scientific Atlanta was founded in 1951 by a group of engineers from the Georgia Institute of Technology, and was purchased by Cisco Systems in 2005 for $6.9 billion after Cisco received antitrust clearance for the purchase.
Layoff. A layoff [1] or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) [2] for business reasons, such as personnel management or downsizing (reducing the size of) an organization. Originally, layoff referred exclusively to a temporary ...
As of September 2022, the company employed 7,500 workers locally. But this will be Cisco’s second significant round of layoffs since. Cisco, among the Triangle’s largest employers, is laying ...
Cisco announced plans earlier this month to lay off about 4,250 employees, while PayPal said last month that it would cut about 2,500 jobs.