Cisco is planning to cut thousands of jobs as it restructures its business, according to a report.  The San Jose, California-based network giant is trying to turn its focus on high-growth areas, sources familiar with the matter told Reuters. However, the exact number of layoffs hasn't been determined yet, a source said.As of July 2023, the company had approximately 84,900 employees globally, according to the company's annual report. LAYOFFS SURGED 136% IN JANUARY TO SECOND-HIGHEST LEVEL ON RECORDRepresentat ...

Cisco (NASDAQ:CSCO) layoffs are coming for employees of the internet communications company as it prepares for major job cuts in the near future.According to recent reports, Cisco is looking at laying off thousands of employees. However, the company hasn’t decided on the exact number of roles that will be reduced. The report says that an announcement could come sometime this week as the company is getting ready to report earnings on Wednesday.Insiders close to the matter claim that these Cisco layoffs will ...

Cisco To Fire Thousands Alexander Koerner / Getty Images News via Getty Images Cisco (NASDAQ: CSCO) is set to fire thousands of workers, according to Reuters. The router company has about 65,000 workers.Cisco joins Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG), and Meta (NASDAQ: META) as huge tech companies with pruned headcounts. Usually, the reason given is that they hope to be more “efficient.” This implies that they overhired at some point. Another reason for the cuts is that AI can do work once d ...

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Cisco Systems Inc. CSCO, +0.41% is planning thousands of job cuts as it restructures its business to focus more on high-growth markets, according to a Reuters report Friday, which cited three people familiar with the matter. The networking giant has a worldwide workforce of 84,900 as of fiscal 2023. Cisco declined comment on the report. Shares of Cisco dropped 10% in mid-November, a day after it reported quarterly results that beat on the top and bottom lines but gave weaker-than-expected revenue guidance ...

Cisco Systems (CSCO) is set to release its second-quarter fiscal 2024 results on Feb 14.The company anticipates second-quarter fiscal 2024 revenues between $12.6 billion and $12.8 billion. Non-GAAP earnings are expected to be between 82 and 84 cents per share.The Zacks Consensus Estimate for revenues is pegged at $12.72 billion, indicating a decline of 6.38% from the year-ago quarter’s reported figure.The consensus mark for earnings has decreased by a penny in the past 30 days to 84 cents per share.CSCO’s e ...

Wall Street analysts expect Cisco Systems (CSCO) to post quarterly earnings of $0.84 per share in its upcoming report, which indicates a year-over-year decline of 4.6%. Revenues are expected to be $12.72 billion, down 6.4% from the year-ago quarter.The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a com ...

BARCELONA, SPAIN - JANUARY 30: A logo sits illuminated outside the Cisco booth at ISE 2024 on ... [+] January 30, 2024 in Barcelona, Spain. This year the 20th edition of Integrated Systems Europe (ISE) is being held, the sixth in Barcelona. The hall occupies the entire surface of the Fira Gran Via exhibition center with 82,000 square meters, 30% more than last year. This year there are 1,340 exhibitors and more than 90,000 visitors are expected to attend. (Photo by Cesc Maymo/Getty Images)Getty ImagesCisco ...

Among investment opportunities, identifying the companies set to shape the whole industry is similar to unlocking a treasure trove of potential wealth. Certain stocks emerge as return rockets within a complex web of markets and industries fueled by transformative technologies and strategic moves. This article delves into three mega-trend stocks that may redefine investment returns by 2028.From the field of cutting-edge AI infrastructure to the corridors of software dominance and the highways of autonomous d ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Cisco Systems (CSCO) reports results for the quarter ended January 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 14 ...