The latest job statistics pale in comparison to a year ago, when in January alone almost 90,000 were made redundant by tech businesses coming off a hiring binge during the pandemic and caught out by slowing sales, according to
Cisco was reported at the weekend to be scheduling another major restructure to focus on areas of the portfolio with higher growth potential. Reuters reckons thatasked Cisco to comment and a spokesperson told us:"As I'm sure you can imagine, we're in a quiet period and we do not comment on speculation or rumor." This is in reference to the period before the next set of results are published, which for Cisco is scheduled for February 14.
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