7% of global workforce confirmed. 5% cut in February 2024.
As of Aug 15th 10:20am PST, it does not seem like any emails have been sent out about who is being laid off
Why hasn’t Cisco been performing well lately? What’s the main reason? Do you think they’ll lay off employees next year like this year?
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Aug 9 (Reuters) - Cisco (CSCO.O) will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company's fourth-quarter results, said the sources, who were not authorized to speak publicly.
Reuters exclusively reported the job cut that San Jose, California-based Cisco announced in February, prior to the company announcing it.
The company employed around 84,900 people as of July 2023, according to its annual filing. That number does not account for the February layoffs.
Cisco did not immediately respond to a request for comment.
https://www.reuters.com/technology/cisco-lay-off-thousands-more-second-job-cut-this-year-sources-say-2024-08-09/
Cisco Systems is laying off 7% of its workforce, the company announced in a filing with the Securities and Exchange Commission on Wednesday. It’s the San Jose tech giant’s second time slashing thousands of jobs this year.
Just got layoff by Cisco, my manager doesn’t know which HR is going to take care of my case, and doesn’t know what the package is. Is it true? It’s funny that another team member is survived even he can’t speak proper English….just because he likes to kiss the mgr’s ass lol. Somehow I understand as mgr always likes to have someone that they can control regardless of the performance.
Join ciscoalumni room if you have been impacted by Cisco LR and are a victim of ELT (Executive Liar Team) missteps.
Apparently there were some changes at Cisco today? Everyone ok?
https://apnews.com/article/cisco-job-cuts-technology-layoffs-78ad036870555f53fe03739cf1ae76f9
Seeing news about possible Cisco layoffs. Just wondering how folks are doing. Tech job market is out there. Keep on learning, keep on growing and stay strong everyone.
It was my turn to be terminated today from Cisco. We had a group call, and a manager read from a script. When they finished reading the message, the call ended. There were no questions. We were told to check our email for more data. I thought perhaps thanking us for our service would have been a nice thing to say.
I heard it's due to people not wanting to come back to office. Not sure how Tru this is. Anyone heard about this?
CISCO just released earnings and reducing 5% of their workforce
Just got laid from Cisco. I had no idea I would be impacted it was completely silent. Just got into call with manager, had to hear a script from the manager. Asked to sent out a email. I had whole bunch work planned out for next 3 quarters.
Job security is a joke nowadays.