- More than 4,000 employees, or about 5% of Cisco’s workforce, are reportedly being let go.
- A report claims that the Cisco CEO described it as “Don’t think of this as a headcount action driven by cost savings, warned CFO Scott Herren, “rightsizing certain businesses. This is actually rebalancing.”
Over 4,000 Cisco workers will be let go as part of a “rebalancing” strategy: Report
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