Technology company Cisco is closing the doors of its Technical Assistance Center (TAC) in Belgium. As a result, 124 employees in Belgium will lose their jobs.
Cisco is closing the doors of its European customer service Technical Assistance Center (TAC). As a result, 124 of the 432 Belgian employees will lose their jobs. The company announced this internally on Thursday morning, according to DataNews. This is not the first time Cisco has made a round of layoffs.
Second round of layoffs
It is already the second round of layoffs at Cisco this year. In February, Cisco laid off some four thousand people, of which 25 Belgian employees had to leave the company. According to digital expert Luc Blyaert, 124 Belgian employees are now involved.
In a statement to DataNews, Cisco was unable to provide further details about the TAC closure. However, the company did stress that it is watching over its growth, execution of its services and cost structure. In addition, Cisco referred to the restructurings announced in August.
‘In Belgium, we have declared our intention to reduce headcount and have notified the relevant authorities as part of the information and consultation process. This will allow us to increase efficiency in our business, optimize our customer service and experience, and invest in strategic growth opportunities. Caring for our people is a top priority, and we will provide our full support to our employees throughout this process’ said a company spokesperson.