Cisco Systems, a leading technology company based in San Jose, California, has announced its plans to reduce its workforce by 7%, marking its second round of job cuts this year. The company aims to realign its focus towards rapidly growing sectors in technology, such as artificial intelligence and cybersecurity.
While the exact number of job cuts was not specified, Cisco had a total of 84,900 employees as of July 2023, indicating that approximately 5,900 jobs may be affected. Earlier this year, in February, Cisco had announced a reduction of about 4,000 jobs.
