Cisco May Undergo Second Round of Layoffs

Rumored Job Cuts Amidst Ongoing Restructuring

Reports indicate that Cisco Systems, one of the world's largest tech companies, may be planning a second round of layoffs as part of its ongoing restructuring plan.

According to sources, Cisco is expected to eliminate thousands of positions worldwide, primarily in its hardware and software divisions. The company has already laid off around 4,000 employees earlier this year as it seeks to reduce costs and streamline its operations.

Cisco has been facing challenges in recent years due to declining demand for its networking equipment and increased competition from cloud-based services. The company is also undergoing a major shift towards software and subscription-based services, which has led to a decline in its hardware business.

The reported layoffs, if confirmed, would mark a significant setback for Cisco and the broader tech industry. As one of the largest employers in Silicon Valley, Cisco's job cuts would have a ripple effect on the local economy and beyond.