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CISCO to cut more than 4,000 jobs, lowers annual revenue forecast

By Akash Sriram

Feb 15 2024 1:29PM

Cisco Systems to cut 5 percent of its global workforce, or more than 4,000 jobs.

CISCO to cut more than 4,000 jobs, lowers annual revenue forecast

Cisco Systems said it would cut 5 percent of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of layoffs by tech firms this year. Shares of the networking equipment maker fell more than 5 ...

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