Cisco Exits China, Massive Layoffs; $70 Billion in Foreign Capital Pulled out This Year
Cisco Exits China, Massive Layoffs; $70 Billion in Foreign Capital Pulled out This Year
Udumbara
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Amid China's economic downturn and rising geopolitical tensions, foreign companies are cutting jobs and withdrawing from the country on a large scale. Reports indicate that most of the U.S. tech giant Cisco's operations may be relocated to India or Japan. Currently, Cisco's second wave of layoffs has been implemented.
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