The latest layoffs, which include senior engineers and numerous senior-level positions, follow five years of cost-cutting at Cisco and come amid a shift away from hardware to software and services.
The layoffs were announced about a month after the company reported its fourth-quarter and full-year results, which showed declining trends across all of its major business units. What’s even worse is that management stated these declines could continue.
https://americaclosed.com/cisco-systems-tech-giant-cuts-310-jobs-san-jose/