 Cisco Announces Potential Layoffs Amidst Business Overhaul

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Network giant Cisco to cut thousands of jobs?

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To restructure its business, Cisco laying off thousands of employees.

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Cisco seeks to focus on high growth areas.

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Cisco is California based company.

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According to its website, Cisco has a total employee count of 84,900 as of fiscal 2023.

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How many employees to be affected by the layoffs is still not decided.

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An announcement could come as early as next week.

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The company prepares for its earnings call on February 14.

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Last year, tech companies including Nokia and Ericsson cut thousands of jobs.

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In recent weeks Microsoft , Amazon and Alphabet have implemented layoffs.

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In recent years , the company has grappled with supply chain issues.

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A post pandemic slowdown in demand has hastened its pish into software offerings like cybersecurity.