Cisco, the network giant, is the latest to join jobs in technology companies, according to a report published in Silicon Valley Business Journal, where the company is said to have more than 4000 employees, or about 5% of its working power, and job discounts come after that The company registered the largest total quarterly revenue in its history during the first fiscal quarter of 2023.
Although the Chairman and CEO of Cisco, Chuck Robins did not participate, any details about job discounts, he confirmed the same thing, and said, “We will be reluctant to go into many details here so that we can talk to them, I would like to say what We do it is to give some business rights. ”
“You can only assume that we will do – we are not in fact – there is nothing less priority, but we fund some business,” he told analysts.
Nothing is less priority, but we correct some commercial activities. ”
Scott Herin, the chief financial official of Cisco, described this step as a “balance”, “do not think about this as a measure of the number of employees driven by providing costs, this is really a balance. While we look in all areas, there are areas that we would like to invest more. Chuck talked about it for safety, and we move to the platforms and more products that are delivered across the cloud.
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During the first quarter of 2023, which ended on October 29, Cisco’s revenues increased by 6% to $ 13. 63 billion, compared to $ 12. 90 billion in the same period last year. The company recorded a net income of $ 2. 7 billion in the first fiscal quarter of the year, a decrease of 10% compared to the same quarter last year..
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