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Briefing
enterprise

Cisco Plans to Lay Off 4,000 Employees in Coming Year

By
Aaron Holmes
· · Source: The Information

Cisco plans to lay off employees and shrink its real estate footprint in the coming year in an effort to “rebalance” its business, the company said in a filing Wednesday. The layoffs will impact 5% of Cisco’s 80,000 employees, a spokesperson said in a statement to The Information, meaning roughly 4,000 people will be affected. The announcement came as Cisco reported first-quarter earnings...

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