Cisco beats earnings expectations as AI spurs networking gear demand
The company had announced two rounds of layoffs this year in a bid to cut costs, as it shifts focus to cybersecurity, cloud systems and AI-driven products. Cisco completed its $28 billion acquisition of Splunk in March, which aims to boost its software ...
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Cisco Announces 4,150 Layoffs, Shifts Focus to AI and CloudCisco’s latest round of layoffs will impact approximately 4,150 employees, which is about 5% of its total workforce. As of July 2023, the company had around 83,000 employees worldwide.
Here’s more on the Cisco layoffs and AI and security opportunities ahead for the vendor and its partners. Cisco confirmed massive layoffs Wednesday with plans to cut about 7 percent of its ...
Dinner at famed Japanese restaurant Nobu was followed by a trip to a nightclub — then a co-worker’s visit to a hospital, ...
Cisco Systems exceeded Wall Street expectations in its first-quarter earnings report, driven by a growth in demand for its ...
Tech layoffs continue as Mozilla, X, Samsung, and other major firms implement job cuts in 2024, citing restructuring, ...
The decrease in layoffs, however, raises the possibility that businesses are adapting to the current economic environment and ...
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Cisco Systems Inc. (CSCO) on Wednesday reported fiscal first-quarter profit of $2.71 billion. The San Jose, California-based company said it had net ...
While tech investors hailed Arm and Qualcomm’s results, this week’s attention is on Alibaba and Cisco earnings. Alibaba, ...
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