Cisco plans on terminating 5 per cent of its employees out of its roughly 83,300 strong workforce. In a regulatory filing filed earlier this year, the company said, “Steps are being taken in order to rebalance the organization and enable further investment in key priority areas."
Layoffs are having an impact on the entire tech industry, and the phenomenon is global. Here are some of the most high-profile examples of mass layoffs in 2022