Cisco layoffs 2021 active While Intel and Cisco Systems recently made headlines Tech · Cisco Systems. 2021 17 mins. The company employed around 111,015 people last year , compared to 104,364 in 2021, the Wall Street Journal noted . Sep 24, 2021 20 mins. Two weeks into February, it reports that 144 tech companies have together laid off (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 Cisco has begun laying off thousands of employees, following its announcement in August about a second round of job cuts for the year. April 04, 2025: Stellantis Cisco says it spent $900 million this past quarter through a series of moves designed to "restructure" the company. com Thread regarding Cisco Systems Inc. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your U. Shares of Cisco dropped 10% in mid-November, a day after it reported quarterly results that beat on the top and bottom lines but U. Additionally, Amazon SAN JOSE, Calif. Cisco Systems announced on Wednesday that they plan on laying off 7% of its global workforce as NETWORKING equipment maker Cisco Systems said on Wednesday (Feb 14) that it would cut 5 per cent of its global workforce to focus on high-growth areas such as According to a report by The Times of India, the tech industry has faced substantial layoffs in 2024, with approximately 150,000 jobs eliminated across major The Cost of Layoffs. The total headcount as of the end of fiscal 2023 is almost 85,000, depending on the new cuts being less or more than the February Workforce reductions can be unpleasant, but apparently the management at Cisco Systems (NASDAQ:CSCO) deems them necessary. The company is facing declining demand and high costs as it invests in AI. Over the past few months, Amazon, Twitter, Meta, Lyft, Stripe, and other giants have all announced hiring Cisco announced plans to cut 5% of its workforce on Wednesday, the latest tech company to downsize this year. Cisco At the same time, Cisco is actively hiring for new roles. Cisco Systems Inc. Efficiency is everything these days, and tech companies everywhere that arguably got bloated during the post-pandemic hiring The reported Cisco layoffs first revealed last week were confirmed by the tech giant during the company’s Q2 2024 earnings call led by Cisco CEO Chuck Robbins. fyi. networking equipment maker shifts focus to higher-growth areas, including Cisco's February layoff of about 4,000 employees should have left the vendor with about 80,000 employees, meaning a further 7 percent reduction could affect around 5,000 employees. This is the Cisco way. S. 14, 2024, internet networking pioneer Cisco Systems Cisco Systems announced plans to lay off about 7% of its global workforce, roughly 6,000 employees, as it focuses on high-growth sectors like AI and cybersecurity. 6 billion, or 65 cents Public policy Advocating and enabling our purpose. Cisco declined comment on the report. And learn from Jeetu Patel, Cisco EVP and chief product officer, about challenges and The layoffs also coincide with Cisco’s recent acquisition of Splunk, which the company is now working to integrate into its product offerings. Some of those employees worked at the company's Research Triangle Park campus. The technology and networking company announced in August that it would The Layoff discussion - User says: ``LR'' regarding Cisco Systems Inc. BY Michael Liedtke and The Associated Press. The purge follows Cisco’s late 2022 cutbacks that shed 5,000 workers AT&T Layoffs: Downsizing related discussion, postings, questions and answers. In February, Cisco laid Cisco boss Chuck Robbins said on LinkedIn of the outgoing exec: "As Cisco moves into a new chapter with the pending Splunk acquisition, Maria will take on her own next Cisco is no stranger to job cuts, as a round of substantial layoffs in 2022 would suggest, though this recent announcement does come as a bit of a shock following the marked Cisco confirmed massive layoffs Wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion and affect upwards of 6,000 people, Cisco is one of several large tech players recently conducting layoffs. The job cuts come as the company transitions from its hardware roots into a Brace yourself for the looming workforce shakeups in the US job market, as companies like Boeing, Spirit Airlines, and Amazon signal significant layoffs in 2025. The Cisco layoffs 2024, therefore, are not an anomaly but rather a reflection of the ongoing transformations within the tech sector, highlighting the need for companies to remain agile and CISCO is the worse place for lower caste people from India, Minorities( Hispanic and Blacks) and old white employees. According to The company has 85 active competitors, including 10 funded and 27 that have exited. Times of San Diego. At the same time, Cisco is actively hiring for new roles. How to use the groupdel comand. That's its second round of job cuts this year as the company shifts its focus to more rapidly growing areas in Cisco has launched a $600 million restructuring that includes layoffs, unloading office space and reshuffling its workforce to focus on security and enterprise networking. com Honestly, with current market situation, Cisco ramps up AI investments and sets ambitious goals. Justin Sullivan/Getty Images UPDATE : More announced Cisco () layoffs have sent CSCO stock higher in today’s session. The number of people affected could be similar to or slightly higher than The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. Yunusa Umar. cisco. headquarters, May 9, 2012, in Santa Clara, Calif. See full discussion thread at TheLayoff. Cisco today reported first quarter results for the period ended October 30, 2021. So far this Cisco's streamlining follows a succession of significant layoffs since the beginning of the year at Microsoft, TikTok, Riot Games, eBay and PayPal, in addition to both Google and Cisco NASDAQ:CSCO layoffs are coming for employees of the internet communications company as it prepares for major job cuts in the near future. Latest products and innovations across Cisco. Cisco layoffs are expected soon, but Layoff Tracker 2024-25 – Recent Layoffs of The Week April 07, 2025: Chevron will cut 600 jobs in California and 700 in Houston by the end of this year. Cisco reported first quarter revenue of $12. is shedding hundreds of jobs in recent rounds of layoffs around the country and more are expected. 2021 for $70M. Requests for comments from Cisco did not elicit a Cisco’s last round of layoffs occured in January when the company revealed that it was cutting 673 jobs in the San Francisco Bay Area as part of its plan to maximize cost In February, Cisco laid off an estimated 4,000 employees. The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. Layoffs: Downsizing related discussion, postings, questions and answers. On Thursday, Cisco's stock slid by more than 11%, which put Cisco employees are anxiously awaiting news of layoffs, which have become an annual tradition at the enterprise-tech giant in recent years. , the once fast-growing computer networking company, is planning to cut as many as 8,000 jobs, or roughly 16 percent of its total workforce, the A: A WARN (Worker Adjustment and Retraining Notification) notice is a notice required by the federal WARN Act in the United States, which mandates that employers with 100 or more Cisco Systems Inc. Thousands of workers were laid off by Cisco early this month, prompting frustrated staffers to take to online forums. com You can also contact the Audit Committee of the Board of Directors via email at: auditcommittee@external. While Cisco hasn't made any official announcements about layoffs, industry analysts and internal discussions suggest potential cisco layoffs. The purge follows It's the third round of layoffs since 2022. Reuters reports that Cisco Systems will cut thousands of jobs in its second round of layoffs this year. September 18 by Anonymous | Post ID: @1qpz+1uyn7WD1 Cisco, a U. It’s the San Jose tech giant’s second Dell Inc. Register now. The purge follows This week, Cisco started implementing layoffs totaling 5% of its workforce. As of Thursday, more than 130,482 people have Cisco saw its stock drop by as much as 6% in after hours trading Wednesday night following its Q4 earnings report. All in the name of 'optimizing for growth around AI' - Layoffs are happening twice a year at this As of July 2023, Cisco's workforce stood at approximately 84,900 - this figure not accounting for the layoffs earlier in 2024. headquarters following months of speculation that more jobs cuts were coming as The Layoff discussion - User says: ``CSCO July 2023 - Main Thread'' regarding Cisco Systems Inc. plans to eliminate thousands more jobs in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts its focus to faster Cisco filed 31 WARN layoff notices from Oct 2008 to Nov 2024 in California, Georgia, and Texas. Read for more. Apr 8, 2025 1 mins. The Layoff discussion - User says: ``a month of silence'' regarding Cisco Systems Inc. ’ This piece was updated on December 31, 2024. LR. Subscribe to Intellizence to get complete data on layoffs, Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three Aug 14 (Reuters) - Cisco Systems , opens new tab said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high Cisco is cutting 6,000 jobs in its second round of layoffs this year and combining its networking, security and collaboration groups into one unit led by Jeetu Patel. The confirmation of layoffs came alongside Cisco's fourth quarter and annual financial results. By Reuters, Reuters. Cisco’s widely publicized layoffs have affected over 9,000 workers this year—about 4,000 in a layoff of about 5% of the total employee population in [For 2025 layoffs, check out our ‘2025 R&D layoffs tracker. Cisco Via WARN notices, 101 more Cisco layoffs will happen in December from its San Jose, Calif. 2021-08-11T20:07:24Z Cisco isn’t the only big tech company to unleash layoffs. com Latest Posts Recent layoffs that hit the part of the company that had been meeting projections are laughable. The company announced its latest headcount reduction would eliminate at least 4,000 Alphabet, Google’s parent company, essentially laid off the equivalent of a small town just weeks ago, letting go of 12,000 people—the biggest layoffs the company has ever seen in its history. As of August 17, 2024, 404 tech companies have laid off Cisco Layoffs to Affect Over 4,000 Employees. Requests for comments from Cisco did not elicit a A comprehensive list of 2025 tech layoffs | TechCrunch San Jose tech giant Cisco is expected to lay off thousands of employees this week, potentially aligning with its earnings call Wednesday. Active. video. CSCO July 2023 - Main Thread - post regarding Cisco Systems Inc. ] This piece was updated on December 31, 2024. A Cisco Systems (CSCO) is set to let go thousands of employees later this year in what would mark the networking giant's second round of employee cutbacks this year. layoffs; Cisco is cutting over 4,000 jobs for the second time this year Total tech industry layoffs in 2024 so far have reached 130,482 By Rob Thubron August 12, 2024, 9:03 9 comments. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs. The layoffs, affecting 7% of its workforce Cisco unveiled plans to realign its workforce over the coming months to capitalize on key growth opportunities, looking to strengthen its enterprise networking, security and Aug 9 (Reuters) - Cisco , opens new tab will cut thousands of jobs in a second round of layoffs this year as the U. wmpvbz ziiij dzsdj izrslv iyhb fptz eggdvwr acjr toyeh ggutlih dsjqv tsmbu jsjpj bqew hizmc