'Cisco's Second Layoff Of 2024 Affects Thousands Of Employees' - TechCrunch
Portfolio Pulse from Benzinga Newsdesk
Cisco has conducted its second layoff of 2024, affecting thousands of employees, including those in its Talos Security unit. The company aims to invest in growth opportunities and drive efficiencies despite reporting a strong financial year. The layoffs have created a toxic work environment, and there is no indication of executive pay cuts.
September 17, 2024 | 7:35 pm
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Cisco's second layoff of 2024 affects thousands of employees, including those in its Talos Security unit. Despite strong financial performance, the layoffs have led to a toxic work environment, with no executive pay cuts announced.
The layoffs indicate potential internal challenges despite strong financial performance, which could negatively impact employee morale and public perception. The lack of executive pay cuts may further exacerbate negative sentiment.
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