Cisco had cut its full-year revenue and profit forecasts in its previous earnings call, in a sign that demand for its networking equipment was slowing.
The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website. The company is still deciding on the total number of employees to be affected by the layoffs, one person said.
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Cisco is among the larger telecom companies cutting jobs. Verizon, Crown Castle, BT, Vodafone, Ericsson, and others, are also reducing their headcounts.