Cisco, a San Jose tech stalwart, said Wednesday it is eyeing terminations and severances to help “rebalance” its workforce.
SAN JOSE — Cisco, a San Jose tech stalwart, revealed Wednesday it is eyeing terminations and severances to help “rebalance” its workforce, a potentially wrenching plan that includes shedding real estate.
“Cisco announced a restructuring plan in order to rebalance the organization and enable further investment in key priority areas,” the company stated in the SEC filing. “This rebalancing will include talent movement options and restructuring.”
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