Cisco to lay off thousands of employees to focus on high growth areas

Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter.

The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website.

The company is still deciding on the total number of employees to be affected by the layoffs, one person said.