Intel is set to lay off 15,000 employees, accounting for over 15 per cent of its workforce as part of a 10 billion dollars cost-cutting plan for 2025.
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Maroc - Times of India - Top Stories - 15/Aug 15:22
Cisco to lay off 6000 employees, CEO says 'we're now returning ...'
Cisco Systems announced plans to lay off about 7% of its global workforce, approximately 6,000 employees, to focus on artificial intelligence and cybersecurity. This follows a 10% decline in quarterly revenue. CEO Chuck Robbins expressed optimism about future demand. The restructuring includes merging networking, security, and collaboration departments and aims to drive efficiency.
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