Cisco employees face a month of silence ahead of second layoff in 2024
ID: c556c1a5-3ae2-5e69-9fcd-a9f45592d073
STIX ID: report--c556c1a5-3ae2-5e69-9fcd-a9f45592d073
Feed Name: TechCrunch Security News
TechCrunch reports that Cisco will cut about 7% of its workforce in a second round of layoffs this year, with affected employees to be notified by September 16; employees describe a toxic workplace environment as revenue fell roughly 10% to $13.6 billion and quarterly net income dropped 45%, while the company declined comment and CEO Chuck Robbins characterized fiscal 2024 as a strong close with $31.8 million in 2023 compensation.
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