"Cisco" eliminates thousands of jobs in a new tour of hairstyles

Cisco Systems plans to remove thousands of additional features in the second round of discharge this year, according to Reuters, in light of the converting of the network equipment manufacturing business, its focus in the fastest growing business, such as cybersecurity and artificial intelligence. This step comes in the wake of Cisco’s move to cancel nearly 4000 posts in February, after the slowdown in spending of companies to technology has eliminated its sales growth. The number of company employees reached 85 thousand employees at the end of the financial year 2023, which lasted until July that year. Thus, Cisco joins other technology companies to reduce jobs in light of their dealings with uneven demand. Although hypothesis on artificial intelligence has helped promote growth in some areas, traditional IT giants have not benefited to the same extent. Intel announced last week to cancel 15,000 jobs in light of the slowdown in sales. Del technologies also reduce jobs as part of their sales teams. Cisco’s share price fell 1.3% in New York to $ 45.24. The losses during the current year before Friday session reached 9.3%. The fear of the technological sector could be announced in the post on Wednesday, with the company announcing the results of the fourth quarter, according to “Reuters”. Three months ago, Sisco’s optimistic expectations raised the hope that customer spending on technology will return. But the broader technology industry has suffered from new concerns about the economy, and the idea that artificial intelligence expenses cannot have a return in the short term. A Cisco representative refused to comment on the discharge of workers. She also wants to benefit more from the mutation of artificial intelligence that fueled the sales of companies such as ‘Nviteia’.