When Jyoti Bansal faced what he calls “the hardest decision” of his career, it was his employees who weighed heavily on his mind. In 2017, just days before his software startup AppDynamics was set to make its public debut, tech giant Cisco swooped in with a staggering $3.7 billion offer to buy the company. Bansal knew he had a choice: pursue the IPO that could enrich him personally or sell to…
Cisco has inaugurated its first manufacturing facility in India, situated in Sriperumbudur near Chennai, Tamil Nadu. The facility, launched on September 27, 2024, will focus on producing routing and switching products, beginning with the Network Convergence System (NCS) 540 series of routers.
The event featured remarks from Union Minister Jyotiraditya Scindia, Tamil Nadu Minister for Industries…
Cisco Systems (CSCO) has announced it will cut about 7% of its workforce as part of its strategic shift towards high-growth sectors such as cybersecurity and artificial intelligence (AI). This decision follows a previous reduction of 5% in February, affecting around 4,250 employees.
In its fiscal fourth-quarter report, Cisco reported revenue of $13.6 billion, marking a 10% decrease year-over-year…
Cisco, the leading manufacturer of networking equipment, is set to announce another wave of layoffs as early as Wednesday, coinciding with its fourth-quarter earnings report. This latest round of job cuts follows a previous reduction in February, which saw 4,000 employees let go. The new layoffs could match or slightly exceed this number.
The decision comes as Cisco aims to refocus its business…
