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Cisco to Implement Second Round of Layoffs

Thousands of Jobs to Be Cut

Company Set to Announce Additional Job Cuts

Cisco, the networking equipment manufacturer, is planning to cut thousands of jobs in a second round of layoffs this year, according to insider sources who spoke to Reuters. The company is expected to make an announcement before the end of August.

The move comes after Cisco cut approximately 4,000 jobs in February in response to a slowdown in corporate tech spending. The company's revenue has been impacted by the economic downturn, and it is looking to reduce costs.

The second round of layoffs is likely to be higher than the February sackings. Cisco is planning to cut thousands of jobs, including in cybersecurity and AI, according to the sources.

This news is likely to have a significant impact on the tech industry. Cisco is one of the world's largest networking equipment manufacturers, and its decision to cut jobs is a sign of the challenges facing the tech sector.