Joining the latest wave of job cuts, the USA-based communication tech firm Cisco is planning to reduce its employee count to focus on growth areas. According to Reuters, the company is preparing for a business restructuring that will involve terminating thousands of employees.
Cisco has not yet disclosed the exact number of employees who will be affected by these layoffs. However, a source close to the publication revealed that the company is still deciding on the numbers and the final announcement can be expected as early as this week, as the company prepares for its earnings call on February 14.
Meanwhile, Cisco had a global workforce of 84,900 employees in fiscal 2023. This number is expected to decrease significantl…