Cisco Systems said its restructuring plan is expected to impact approximately 7% of its global workforce. Cisco currently estimates that it will recognize pre-tax charges to its GAAP financial results of up to $1B consisting of severance and other one-time termination benefits, and other costs. These charges are primarily cash-based. Cisco expects to recognize approximately $700M to $800M of these charges in Q1 of fiscal 2025 with the remaining amount expected to be recognized during the rest of fiscal 2025.
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