Cisco to Conduct Second Round of Layoffs

Thousands of Jobs to Be Cut

Industry Shakeup Expected

Tech giant Cisco is reportedly planning a second round of layoffs this year, which is expected to affect thousands of employees. This news follows a previous round of layoffs conducted by the company in 2023.

According to sources, the layoffs are part of a cost-cutting measure aimed at addressing the company's declining revenue and profits. Cisco has been facing competition from newer and more agile companies, leading to a decline in market share.

The planned layoffs are part of a broader restructuring effort within the tech industry. Several other major companies, including Google, Amazon, and Microsoft, have recently announced plans to lay off significant numbers of employees.

This industry-wide shakeup is expected to have a significant impact on the job market, with thousands of highly skilled workers being displaced. The layoffs are also likely to create uncertainty and anxiety among employees in the tech sector.