IntelWe have previously informed you that has officially announced that it will lay off 15 thousand people. we had transferred. We stated that the company entered the restructuring process to save 10 billion dollars by 2025. The wave of layoffs in the technology world continues rapidly.
Cisco Systems has a global workforce of approximately 7 percentthat he will lay off his staff and for this process to 1 billion dollars announced that it would lose up to The company stated that this restructuring will include severance payments, one-time termination benefits and other expenses. For this process in the first quarter of fiscal year 2025 $700 million to $800 million It is planned to spend between
According to Cisco’s fourth quarter financial results, the company’s annual revenue 10 percent with decline $13.6 billion happened. However, this figure is above the upper limit of the company’s estimates. If the annual total income is 6 percent down to $53.8 billion declined.
Stocks rose after trading hours following this news. 5 percentWith an increase of over 48.11 dollars rose. The company’s current workforce, including previous cuts in February, is approximately 80 bin was 100,000 people, and with new cuts, this number 75 good is expected to fall. Cisco is doing so as part of broader restructuring trends in the technology sector.
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