Cisco to cut jobs announced $300 million restructuring plan in early February

Beijing time on the afternoon of March 2, according tomedia reports, Cisco Systems recently confirmed that the company intends to carry out layoffs, but did not disclose the specific number of layoffs. Cisco announced a $300 million restructuring plan in early February. Apparently, the job cuts confirm edited as part of the restructuring.

Cisco to cut jobs announced $300 million restructuring plan in early February

Chuck Robbins, Cisco’s chief executive, has often expressed concern about global economic uncertainty in recent quarters. In November 2019, at a Cisco Partner Summit, Robbins mentioned a number of corporate, economic, and human challenges. Robbins points out that the world is facing a series of major challenges, from the US presidential impeachment investigation to Brexit to the social unrest in South America.

Today, new outbreaks are bringing new challenges to society and the economy.

Despite this, Cisco continues to make progress in some areas. The company continues to diversify its business beyond the network, providing more software and subscription services, especially in areas such as security, managed services, and SMB cooperative solutions.