Cisco to Cut Thousands of Jobs in Second Round of Layoffs

Restructuring Plan Aims to Focus on Higher-Growth Areas

Networking Equipment Maker Faces Economic Challenges

Cisco Systems (CSCO) has announced plans to cut thousands of jobs in a second round of layoffs this year, Reuters reported on August 9. The networking equipment maker is shifting its focus to higher-growth areas as it navigates economic headwinds.

The layoffs are part of a broader restructuring plan aimed at reducing costs and improving efficiency. Cisco had previously announced plans to cut 4,000 jobs in July, as part of its effort to streamline its operations.

The latest round of layoffs will affect thousands of employees across Cisco's global workforce. The company has not yet disclosed the exact number of positions that will be eliminated, but sources close to the matter have indicated that the cuts could be significant.