San Jose, CA

Columbus, OH

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Golden Gate Media

Cisco Systems announced Wednesday that it will lay off 7% of its workforce, marking the second round of significant job cuts for the San Jose-based tech giant this year. The move, detailed in a filing with the Securities and Exchange Commission, is expected to impact at least 5,500 employees, following the company’s previous reduction of around 4,000 jobs in February.

California tech giant to slash 7% of its workforce impacting thousands of workers

ITPro

The move marks the second round of Cisco layoffs so far this year, with 7% of its global headcount expected to be cut

Cisco layoffs cut deeper than expected as firm ramps up AI focus

TechSpot

Serving tech enthusiasts for over 25 years. Why it matters: US tech giant Cisco is planning to cut thousands of workers in what will be its second round of layoffs this year. Reports state that slowing demand and shifting focus to growth areas, including AI, means 4,000 or more workers at the company could soon be out of a job.

Cisco is cutting over 4,000 jobs for the second time this year

TechRadar

Cisco has confirmed major job cuts as the networking giant continues to address recent struggles and rising costs.The company has revealed 7% of its global workforce will be cut, equivalent to thousands of jobs, after sales and revenue fell once again.In its Q4 2024 results, Cisco revealed revenues of $13.6 billion, a decrease of 10% year on year, with total revenue for the whole 2024 financial year reaching $53.8 billion - a decrease of 6% year on year.
Cisco job cuts
The news, which confirms reports from just a few days ago, is the second round of major layoffs at Cisco in...

Cisco confirms major job cuts as revenues fall

The Cisco job cuts mark the second wave of layoffs for the tech giant so far in 2024

Cisco to cut thousands of roles in second batch of layoffs this year

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

This stock has crushed the broader S&P 500 since its IPO in 1981. A much larger store base has helped generate significantly greater revenue and earnings. Despite a slowdown, demand should pick up and be healthy for several years into the future. This dominant company has done a fantastic job...

1 Stock That Turned $1,000 Into Nearly $30 Million

Warren Buffett has led the Berkshire Hathaway investment company to market-crushing returns since 1965. Berkshire owns a number of private companies, but it also acquired stakes in several public companies, including Apple. Berkshire is currently valued at $922 billion, and it could become the first American non-technology company to reach...

1 Unstoppable Stock Set to Join Nvidia, Apple, Microsoft, Amazon, Alphabet, and Meta in the $1 Trillion Club


				













	ResumeBuilder.com’s latest research showed that 30 percent of companies that had a recent round of layoffs replace U.S. workers with offshore ones while 24 percent of companies with recent layoffs “plan to terminate and replace U.S. employees with offshore workers in 2025,” the report’s authors said.Sixties Model Peggy Moffitt Dead at 87




	ResumeBuilder.com also found among those companies that replaced laid-off employees with offshore workers, 22 percent indicated that 1 to 10 percent of the laid-off employees were replaced. “About 29 percent reported that 11 to 25 percent were replaced, while 24 percent stated that 26 to 50 percent were,” the...

Businesses Are Replacing Laid-off U.S. Workers With Offshore Employees, Study Reveals

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

The Motley Fool

Nvidia, Broadcom, and Super Micro Computer have all announced 10-for-1 stock splits. However, only one of these market leaders is worthy of investor's money.

Artificial Intelligence (AI) Stock-Split Stocks Are All the Rage on Wall Street -- But Only 1 Is a Clear-Cut Buy Right Now

Las Vegas, NV

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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Bellingham Metro News

LAS VEGAS, NEVADA - A magnitude 4.4 earthquake struck areas near Las Vegas on Tuesday night, according to the United States Geological Service (USGS). The quake, which occurred at 8:06 p.m., was centered approximately 45 minutes from Las Vegas, near Indian Springs.

Magnitude 4.4 Earthquake Shakes Areas Near Las Vegas

Pennsylvania State

(NewsNation) — The nation’s largest grocery store chain is under scrutiny for its use of electronic price tags, raising concerns that prices could be adjusted on a whim. Democratic Sens. Elizabeth Warren of Massachusetts and Bob Casey of Pennsylvania, both facing reelection soon, recently sent a letter to Kroger questioning their practices. They’re concerned the grocery chain might be using technology, known as electronic shelving labels, to raise prices when shopping is at its busiest.

Senators launch probe into Kroger over alleged surge pricing

New York Post

Artificial intelligence could render many jobs such as cashiers and drivers obsolete — leading to widespread social unrest, according to a senior Wall Street finance executive.

Armen Panossian, a co-CEO of the Los Angeles-based investment firm Oaktree Capital Management, told Bloomberg News that AI poses “the biggest risk” because while it “clearly has the potential for very large economic gains,” it will also have “societal impacts.”

“Millions of people could be out of jobs. So who’s going to retrain those people?” Panossian told Bloomberg News.

“If we don’t figure that out, there could be social unrest.”



I asked AI to help with dinner and...

Top Wall Street exec predicts ‘social unrest’ due to AI: ‘Millions of people could be out of jobs’

Fortune

On Monday generative AI model startup Cohere celebrated a fresh $500 million in new funding at a $5.5 billion valuation, and on Tuesday  company said it was laying off about 20 employees (out of close to 400).

A day after raising $500 million, AI startup Cohere told staff it was laying off about 20 employees

24/7 Wall St.

Everyone knows Microsoft (NASDAQ: MSFT) and its best-known products, including the Windows operating system and Microsoft 365 suite of productivity apps, but its growing cloud computing platform, Azure, is the future of the company. Microsoft stock has been a millionaire maker for decades, with a stock split adjusted IPO price of $0.14, which means at […]
The post Microsoft (MSFT) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..

Microsoft (MSFT) Price Prediction and Forecast 2025-2030

Pompano Beach, FL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Akeena

In a shocking revelation, Kings Mart, a grocery store in Pompano Beach, has been slapped with a series of severe health violations by the Florida Department of Agriculture. The inspection, carried out by Francis Odio, uncovered a disturbing range of problems that have led to the immediate closure of several sections of the store.

An inspection found bugs in the food and rodent poop on the shelves at a Florida grocery store

North Carolina State

Eden, NC

Town Talks

North Carolina is the 28th largest state by area but boasts the seventh-highest number of counties in the country. If you’re searching for an affordable place to call home in North Carolina, you’re in luck. This diverse and picturesque state offers a range of options that won’t break the bank.

North Carolina City Has Been Named the Cheapest Place to Live in The State

Palantir just reported another stellar quarter of robust growth that validates its long-term opportunity. Microsoft is enjoying momentum as it rolls out Copilot and other AI services across its business. These stocks can help you cash in on this burgeoning new industry. The adoption of artificial intelligence (AI) promises to...

2 Artificial Intelligence Stocks You Can Buy and Hold for the Next Decade

In Touch Weekly

John Travolta has been left “reeling,” says a source exclusively, after his aviation company, Constellation Productions, was defrauded out of nearly $800,000 between October 2021 and July 2023. One pilot is in jail on charges of money-laundering more than $100,000, organized fraud of property of more than $50,000,...

John Travolta ‘Reeling’ After His Aviation Company Is Defrauded Out of Nearly $800K

Santa Clara, CA

Campbell, CA

Milpitas, CA

Sunnyvale, CA

Alviso, CA

Los Gatos, CA

Cupertino, CA

NewsBreak

Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity

SAN JOSE, Calif. (AP) — Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the...

Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity

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