finance
Networking Company to Cut Less Than 5 Percent of Workforce
The company will reduce its headcount by less than 5 percent as it shifts resources toward high-growth areas. The move is intended to realign staff with priorities including artificial intelligence, silicon, optics and security. The Wall Street Journal first reported the planned cuts.
May 14, 11:36 AM·1m read1 source
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The networking company will cut less than 5 percent of its workforce, according to a report published Wednesday. The reductions are intended to realign staff with high-growth areas such as artificial intelligence, silicon, optics and security. The company said the changes will allow it to direct more resources toward those segments.
The plan affects a relatively small share of total employees, keeping the overall reduction below 5 percent. The Wall Street Journal reported the details of the move.
The company has identified artificial intelligence, silicon, optics and security as central to its future expansion. By adjusting its workforce size and focus, the company aims to better match staffing levels with demand in those fields. The reductions are expected to take effect in coming weeks.
No further details on the exact number of positions or timing have been released. The company has not commented publicly beyond the statement provided to the Journal.
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