Networking giant Cisco is planning to restructure its business, which may involve laying off thousands of employees, according to a Reuters report.
The restructuring plans may be announced later this week in an earnings call, according to the Reuters report. Cisco planned to focus on high-growth areas. However, the report does not specify these high-growth areas or the number of employees likely to be laid off. Cisco had 84,900 employees across all geographies by the end of the financial year 2023.
