Cisco announces plans to lay off 4,000 employees

Cisco has announced plans for a new mass layoff, something that comes after layoffs from companies like Twitter, Meta or Amazon. On this occasion, as we read in CNBC, we will find a massive layoff of about 4,000 employeessomething that accounts for approximately 5 percent of the company’s employees.

Because of thatthe company’s shares are down 8 percentand it is not surprising considering that, if the company is faced with making the decision to carry out a mass layoff, it is because the economic situation of the same requires itas has happened in the rest of the companies that we have mentioned in the layoffs.

Nevertheless, does not seem to be the casebecause according to what we read in the source, It seems that the economic performance of the company has been even better than forecast, Why Chris Dedicoat, a Cisco Executive, Has Defended the Layoffs explaining that they had to try to predict where and when certain workers will be neededunderstanding that they had too many people at the moment.

Be that as it may, the reality is that these 4,000 layoffs are going to be noticed, and possibly open the ban to other companies that are hesitant about it.

End of Article. Tell us something in the Comments!