Article

Cisco Systems plans to reduce its global workforce by up to 14,000 employees, approximately 20% of its staff, as part of a strategic shift towards software and services. This decision has raised concerns in Italy, where the company employs over 500 people, particularly at its significant research facility in Vimercate. While layoffs are anticipated in the coming weeks, Cisco has announced a $100 million investment in Italy over the next three years.