New, by me: Cisco has cut thousands of jobs following its second round of layoffs this year.

At the same time, Cisco said its 2024 financial year was its "second strongest year on record," and all the while its top executives made tens of millions of dollars in compensation.

More: https://techcrunch.com/2024/09/17/ciscos-second-layoff-of-2024-affect-thousands-of-employees/