Cisco will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.
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The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company's fourth-quarter results, said the sources, who were not authorized to speak publicly. 

 Cisco Systems, a prominent technology company, is reportedly planning a second round of layoffs this year. The company had previously announced a 5% reduction in its global workforce, amounting to approximately 4,250 job cuts. The upcoming layoffs are expected to affect thousands of employees, although the exact number has not been specified :https://www.cnbc.com/2024/02/14/cisco-cutting-5percent-of-global-workforce-in-restructuring-move.html