Cisco Restructuring Layoffs 2025 Date . Amn Healthcare Layoffs 2025 Lita As of July 2023, Cisco employed 84,900 people overall Cisco will spend between $700 million and $800 million in the first quarter of its 2025 fiscal year.
What to Know About New Cisco Layoffs, Restructuring Plan from www.channelfutures.com
Cisco confirms layoffs and $1 billion in restructure spending as AI, GenAI heat up It expects to recognize $700 million to $800 million of those charges in Q1 2025, with the rest playing out during the fiscal year.
What to Know About New Cisco Layoffs, Restructuring Plan In November 2022, Cisco announced during an earnings call a restructuring that impacted roughly 5% of its workforce which lead to $600 million in severance and other charges Cisco had already announced one major round of layoffs back in February, when it said it was eliminating about 4,000 jobs, or 5% of its workforce Layoffs are, without question, challenging for everyone involved
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