Cisco announces $600M restructuring plan, including layoffs
Wednesday 16 November 2022
Add Comment
Cisco today said it will take a $600 million charge associated with layoffs and restructuring of its businesses.
In an 8-K filing for its fiscal first-quarter, the company announced a restructuring plan “in order to rebalance the organization and enable further investment in key priority areas. This rebalancing will include talent movement options and restructuring.” The company said it will make some real estate changes as well.
During a financial call with analysts, CEO Chuck Robbins talked briefly about the restructuring but said employees will hear more details on Thursday.
from Network World https://ift.tt/sgIGDFq
Genrerating Link.... 15 seconds.
Your Link is Ready.
0 Response to "Cisco announces $600M restructuring plan, including layoffs"
Post a Comment