Cisco, once the bellwether of the IT sector, is laying off 5 per cent of its workforce. This amounts to 4,000 employees. ‘The companies that will succeed in the AI era are those with the focus, urgency and discipline to continually shift investments to the areas where demand and long-term value creation are strongest,’ said CEO Chuck Robbins.
Two years ago, to the astonishment of friends and foes alike, Cisco closed the Technical Assistance Centre (TAC) in Belgium, which had been a crucial support centre for numerous countries across Europe.
