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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

Fox Business

The summer has brought announcements of job cuts at a slew of different companies, including Cisco, Paramount Global and Axios.

Layoffs announced at multiple companies this summer

California State

WashingtonExaminer

Paramount is making deep cuts to its workforce starting Tuesday as the Hollywood entertainment titan looks to slash costs.  Paramount co-CEOs Chris McCarthy, Brian Robbins, and George Cheeks made the announcement in a memo to employees, stating that the layoffs will occur in three phases. A total of nearly 2,000 jobs, 15% of Paramount’s workforce, is […]

Californian titan to cut 15% of workforce amid $500 billion budget slash

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

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. The company based in San Jose, California, did not specify the number...

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

Partly reflecting a rebound by auto sales, the Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The Commerce Department said retail sales jumped by 1.0 percent in July after edging down by a revised...

U.S. Retail Sales Jump Much More Than Expected Amid Rebound By Auto Sales

NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

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

Port Richey, 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

Florida’s buffet lovers are in for a shocker as the popular Royal Sushi Buffet & Hibachi in Port Richey has been temporarily shut down following a state inspection. This isn’t the first time the eatery has faced such trouble, but the recent closure has sparked quite a buzz among its loyal patrons and food enthusiasts alike.

Live roaches, flying objects in the kitchen and soiled shelves- Buffet closed again in Florida

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

Raleigh, NC

Town Talks

Big cities are known for their hustle and bustle, drawing people in who crave excitement, variety, and entertainment. But bigger isn’t always better, or at least not for Raleigh, North Carolina.

North Carolina City Named The Most Boring Town in the State

The Motley Fool

These companies became titans by dominating a single industry, but they're now expanding and seeing success in other areas.

These 2 Dow Stocks Are Set to Soar in 2024 and Beyond

24/7 Wall St.

Microsoft (NASDAQ:MSFT) certainly deserves consideration as a top tech stock investors should consider. The company’s rise to become the most valuable company in the world (again) denotes just how valuable its core software and cloud businesses are, and how highly-valued the company’s growth investments have been. Sure, plenty of attention is being paid to the company’s […]
The post Forget Microsoft: This Stock is the Next Millionaire Maker appeared first on 24/7 Wall St..

Forget Microsoft: This Stock is the Next Millionaire Maker

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

Total construction starts lost 19 percent in June, falling to a seasonally adjusted annual rate of $1 trillion, according to Dodge Construction Network. Much of the decline was due to a stark decline in utility/gas starts following a strong May that saw several mega-projects get underway. During the month, nonbuilding starts fell 46 percent (following a 49 percent gain in May), while nonresidential starts fell 13 percent. Residential starts rose 9 percent during the month. On a year-to-date basis through June, total construction starts were up 7 percent from the first six months of 2023. Residential starts were up 14 percent, while nonbuilding starts gained 8 percent, and nonresidential building starts rose 1 percent.

Manufacturing starts plunge 34 percent, institutional down 19 percent

Dow Jones rose over 500 points on Thursday as investors expressed confidence in the economy following robust retail sales and weekly job data. In the afternoon, the Dow climbed 507 points or about 1.2% to 40,515. S&P 500 popped up 1.4%, while Nasdaq increased by 2%. Suggested Reading. The Commerce...

The Dow jumps 500 points on strong retail sales and job growth

CBS New York

Fear, long absent in financial markets as investors bet on a "soft landing" for the U.S. economy, is back in the air on Wall Street.Stocks tumbled Friday after new government data showed a steep decline in hiring in July, spurring concerns that economic activity is slowing faster than economists expected. Two hours into the session, the blue-chip Dow Jones Industrial Average was down 984 points, or 2.4%, to 39,415. The broader S&P 500 sank 2.5%, while the tech-heavy Nasdaq Composite lost nearly 3%, fueled by disappointing quarterly earnings from bellwethers such as Amazon and Intel. Market analyst Adam Crisafulli of Vital Knowledge...

Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring

New York Post

The Dow jumped more than 500 points, and the Nasdaq rose 2% on Thursday after July retail sales data signaled resilient consumer spending, allaying fears of an imminent recession in the world’s largest economy.

The Dow Jones Industrial Average advanced 554 points, or 1.4%, to 40,563.06. 

The S&P 500 gained 1.6%, and the Nasdaq climbed 400 points, or 2.3% — the sixth straight positive session for both.

Nine of the 11 major S&P 500 sectors traded higher, with consumer discretionary and technology leading gains.



Home Depot’s warning: Customers have ‘greater uncertainty in the economy’ as sales outlook slashed

Retail sales increased 1.0% last month after a downwardly revised 0.2% drop in June, easing fears of a...

Dow surges 500 points as strong retail sales data ease fears of slowdown

Berkshire Hathaway CEO Warren Buffett has a long history of outperforming the market. Buffett invests in high-quality companies with strong economic moats that can withstand the test of time. These businesses can provide investors with stability and cash flow. These three companies have strong competitive advantages and economic moats that...

3 Warren Buffett Stocks You Can Confidently Buy and Hold for the Next Decade and Beyond

When Jay Chaudhry sold his first company for $70 million, he focused less on his own riches, he says — and more on how the deal could turn dozens of his employees into millionaires. Chaudhry, 65, is known today as the billionaire founder and CEO of Zscaler, a cloud...

65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million

NewsBreak

Paramount laying off another 15 percent of its US workforce

Paramount is laying off 15 percent of its US workforce, . This follows a in which total revenue fell short from an expected $7.21 billion to...

Paramount laying off another 15 percent of its US workforce

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