Cisco To Fire Thousands
CSCOCisco Systems(CSCO) 24/7 Wall Street·2024-02-10 19:52

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 do ...