Cisco Systems announced plans to lay off about 7% of its global workforce, approximately 6,000 employees, to focus on artificial intelligence and cybersecurity. This follows a 10% decline in quarterly revenue. CEO Chuck Robbins expressed optimism about future demand. The restructuring includes merging networking, security, and collaboration departments and aims to drive efficiency.
Cisco to lay off 6000 employees, CEO says ‘we’re now returning …’
