Cisco to lay off thousands more in another job cut

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NEW YORK: Cisco will cut thousands of jobs in a second round of layoffs this year as the US networking equipment maker shifts focus to higher-growth areas, including cybersecurity and artificial intelligence (AI), people familiar with the matter said.

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The stock was down over 9% this year as of last Thursday’s close.

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Category: EconomyBusiness

Markets: MalaysiaSpain

Topics: Corporate News AI Cisco /Business/Business News Cybersecurity Layoffs Networking

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 00:00:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 200 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22022015

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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