Cisco confirms it will lay off 5 per cent of workforce crn.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crn.com.au Daily Mail and Mail on Sunday newspapers.
Cisco Systems product revenues declined in Q2 2024. The reported Cisco layoffs first revealed last week were confirmed by the tech giant during the company’s Q2 2024 earnings call led by Cisco CEO Chuck Robbins.
Cisco Systems saw "greater degrees of caution" related to product ordering during its fiscal Q2 in 2024, which lowered product revenues. At the same time, the tech.
The tech giant, whose customers are still digesting orders received following the clearing of the massive backlog, saw weak product revenues in Q2 2024. Cisco also confirmed that it would be cutting jobs globally to adjust expenses focus on key growth areas, CEO Chuck Robbins told investors during the company’s fiscal Q2 2024 earnings call on Wednesday evening.
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