Cisco to Cut 4,000 Jobs in Second Round of Layoffs This Year

The tech giant targets cybersecurity and AI growth amid declining revenues and profits.

Cisco plans to announce another 4,000 job cuts, mirroring February's layoffs.
The layoffs coincide with Cisco's strategic shift towards AI and cybersecurity.
Cisco's recent $28 billion acquisition of Splunk aims to boost subscription services.
Declining demand and supply chain issues have impacted Cisco's core business.
Other tech firms, including Intel and Dell, have also announced significant layoffs in 2024.