Cisco Systems cuts 4,000 jobs, 5% of global workforce.
Follows the 2022 layoffs of 5,000 workers, creating uncertainty.
Part of a broader reorganization, costing an additional $800 million.
Quarterly results show a 5% decrease in earnings to $2.6 billion.
Revenue drops 6% to $12.8 billion, signaling challenging times.
A similar trend is observed in major tech companies, such as Google.
Amazon also trims its workforce amid a cautious economic outlook.
Despite profits, companies adjust to a changing economic landscape.
The Nasdaq composite index has surged by 50% since the end of 2022.
Cisco’s stock only gains 6%, trailing behind industry dynamics.
Shares dropped nearly 6% in extended trading after layoffs.
The U.S. economy maintains robust job growth and, a 3.7% unemployment rate.
Cisco, like peers, focuses on tech areas with growth potential.
Emphasis on artificial intelligence (AI) prompts job restructuring.
Multiple layoffs contribute to companies’ collective market value rise.
The tech industry is shifting towards AI, triggering job transformations.
CEO Chuck Robbins highlights a close relationship with AI-focused Nvidia.
Collaboration with Nvidia positions Cisco to capitalize on AI.
Layoffs reflect broader changes in the tech industry landscape.
Economic uncertainties contrast with the industry’s strong focus on technology.
Industry aligns with AI, expecting to create future job opportunities.
Cisco’s double layoffs show adaptation to an evolving economic environment.
Tech companies streamline operations amid an uncertain economic outlook.
Focus on emerging technologies signals a pathway for future growth.
Nvidia’s leadership in AI contributes to its market value rise.
Cisco anticipates sluggish demand for products and software services.
Layoffs come ahead of the $28 billion acquisition of Splunk.
Deal with Splunk is expected to be completed by April 30.
Layoffs are expected to impact the company’s quarterly and annual performance.
Cisco expects challenges in the next three to six months.
Layoffs may affect departments while creating jobs in AI.
Experts anticipate AI’s ability to handle tasks traditionally done by humans.
AI’s development aligns with tech companies’ job restructuring strategies.
Economic uncertainties prompt companies to exercise caution in hiring.
Layoffs contribute to already lofty profits in the tech industry.
Job transformations and AI integration reshape the tech workforce.
U.S. economy adapts to tech industry layoffs, maintaining job growth.
Cisco’s quarterly numbers and lackluster forecast impact stock performance.
Stock gains only 6%, which contrasts with the Nasdaq composite index surge.
Cisco’s layoffs reflect broader industry adjustments and economic challenges.
Layoffs contribute to tech companies’ continued profitability and market value.
Economic uncertainties influence companies’ decisions to streamline operations.
Focus on AI signals the tech industry’s anticipation of future growth opportunities.
Cisco’s collaboration with Nvidia showcases its commitment to AI technology.
Ongoing layoffs reflect the tech industry’s constant adaptation to change.
Cisco’s reorganization anticipates challenges in the next three to six months.
Layoffs highlight industry-wide focus on technology areas with growth potential.
Cisco’s quarterly results reveal a 5% decrease in earnings.
Revenue drop of 6% emphasizes challenges in the tech landscape.
Google and Amazon also adjust payrolls amid industry changes.
Despite profitability, tech companies remain cautious in an uncertain economy.
The Nasdaq composite index surge reflects overall tech industry performance.
Cisco’s stock price trails industry dynamics, gaining only 6%.
Shares dropped 6% in extended trading following lackluster forecasts.
The U.S. economy maintains job growth, keeping the unemployment rate at 3.7%.
Cisco, along with peers, adapts to changing economic and technological landscapes.
Focus on AI prompts restructuring, eliminating some positions, and creating new ones.
Job transformations are expected as AI continues to advance in technology.
Layoffs contribute to companies’ market value rise in the tech sector.
Cisco’s CEO highlights partnership with AI-focused chipmaker Nvidia.
Collaboration positions Cisco to capitalize on advancements in AI technology.
Layoffs reflect industry-wide adjustments and a shift towards AI.
The tech industry navigates economic uncertainties with cautious hiring practices.
Layoffs contribute to tech companies’ collective market value and profitability.
Cisco’s job cuts show adaptation to an evolving economic landscape.
Tech companies streamline operations while focusing on areas with growth potential.
Economic uncertainties prompt the tech industry to exercise caution in hiring.
Layoffs contribute to already substantial profits in the tech sector.
Job transformations and AI integration reshape the tech industry workforce.
U.S. economy adapts to tech industry layoffs, maintaining overall job growth.
Cisco’s quarterly numbers and lackluster forecast impact stock performance.
Stock gains only 6%, contrasting with Nasdaq composite index surge.
Cisco’s layoffs reflect broader industry adjustments and economic challenges.
Layoffs contribute to tech companies’ continued profitability and market value.
Economic uncertainties influence companies’ decisions to streamline operations.
Focus on AI signals the tech industry’s anticipation of future growth opportunities.
Cisco’s collaboration with Nvidia showcases its commitment to AI technology.
Ongoing layoffs reflect the tech industry’s constant adaptation to change.
Cisco’s reorganization anticipates challenges in the next three to six months.
Layoffs highlight industry-wide focus on technology areas with growth potential.
Cisco’s quarterly results reveal a 5% decrease in earnings.
Revenue drop of 6% emphasizes challenges in the tech landscape.
Google and Amazon also adjust payrolls amid industry changes.
Despite profitability, tech companies remain cautious in an uncertain economy.
The Nasdaq composite index surge reflects overall tech industry performance.
Cisco’s stock price trails industry dynamics, gaining only 6%.
Shares dropped 6% in extended trading following lackluster forecasts.
The U.S. economy maintains job growth, keeping the unemployment rate at 3.7%.
Cisco, along with peers, adapts to changing economic and technological landscapes.
Focus on AI prompts restructuring, eliminating some positions, and creating new ones.
Job transformations are expected as AI continues to advance in technology.
Layoffs contribute to companies’ market value rise in the tech sector.
Cisco’s CEO highlights partnership with AI-focused chipmaker Nvidia.
Collaboration positions Cisco to capitalize on advancements in AI technology.
Layoffs reflect industry-wide adjustments and a shift towards AI.
The tech industry navigates economic uncertainties with cautious hiring practices.
Layoffs contribute to tech companies’ collective market value and profitability.
Cisco’s job cuts show adaptation to an evolving economic landscape.
Tech companies streamline operations while focusing on areas with growth potential.
Economic uncertainties prompt the tech industry to exercise caution in hiring.