A former Cisco Systems employee filed a class action against the company, alleging that it added additional terms to its "workforce transition options" after he had accepted one of the severance ...

Throughout 2022, Cisco’s stock has taken big hits, much like the rest of the tech sector. It started the year at $62.90 on January 3, 2022, and fell to its lowest point of $38.60 on October 13 ...

When Cisco Systems celebrated the fifth anniversary of its New England Development Center in Boxboro, Mass., the company was quietly moving several jobs from there and other locations to ...

Cisco eyes restructuring, job cuts, severances, real estate trims, San Jose tech giant says $600 million in charges are expected for severance and termination packages: SEC files ...

Cisco announces 4,150 layoffs, a strategic shift towards AI, cloud, ... These measures include severance packages and ...

Impacted workers will be given competitive severance packages,” she said. Cisco executives this week said the company will continue to invest in artificial intelligence hardware and software.

Cisco’s last round of layoffs occured in January when the company revealed that it was cutting 673 jobs in the San Francisco Bay Area as part of its plan to maximize cost savings announced in 2022.

Anheuser-Busch announced at the time that the canning line would allow Cisco Brewers to brew and package roughly 29% more beer in 2023, then lead to a 56% production increase in 2024.

Cisco did not directly comment but said in a statement that "we didn't take this decision lightly, and we will offer those impacted extensive support, including generous severance packages". In its ...

Cisco formally released Patel's termination letter on Thursday, detailing the financial terms of the exec's exit. That includes: $1,041,250 in severance pay (he gets half now and half in six months).