If you're wondering why a tech giant like Cisco is laying off thousands of employees, especially when their revenue forecasts seem positive, you're not alone. It turns out, even successful companies must constantly re-evaluate their direction to stay competitive in a rapidly evolving tech landscape.
Cisco recently announced significant layoffs, impacting thousands of employees globally.
In February 2024, Cisco confirmed plans to reduce its workforce by approximately 5%, affecting about 4,250 employees.