Cisco Layoffs 2024 India. Looking ahead, cisco anticipates sales of $12.1 billion to $12.3 billion for the fiscal third quarter, ending in april, falling short of analysts' average estimate of $13.1 billion. Cisco’s move adds to total tech firms’ layoff tally at about 35,000 in 2024 so far, according to layoffs.fyi, which tracks tech job cuts.
Cisco’s move adds to total tech firms’ layoff tally at about 35,000 in 2024 so far, according to layoffs.fyi, which tracks tech job cuts. Cisco shares fell as much as 6.7% in late trading on.
Tech Layoffs In Late 2022 And Early 2023 Were Significant.
Cisco's recent layoffs are experiencing a trend of strategic restructuring.
The Final Announcement Is Expected This Week.
The tech layoff wave is still going strong in 2024.
Cisco To Lay Off Thousands Of Employees As Early As Next Week.
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Cisco Shares Fell As Much As 6.7% In Late Trading On.
The tech company reportedly fired around 5 per cent of its workforce in 2022.
Nearly 35,000 Job Cuts Have Been Announced In 2024, According To Layoffs.fyi, Which Has Been Tracking Tech Layoffs Since The Pandemic.
The layoffs are being done because of the rebalancing act.
Cisco Fired As Many As 700 Employees, As Per Reports.