Monday, 24 July 2017

Cisco posts 'solid' Q4 results, but 6,000 jobs will go

By Mary Lennighan, Total Telecom
Thursday 14 August 14

Equipment maker says it will reinvest savings in areas like cloud, software and security; does not see rebound in emerging markets or service provider businesses.

Cisco Systems plans to shed 6,000 jobs in the upcoming financial year as it seeks to reduce costs in a difficult operating environment and channel its focus onto key business areas. "These [restructuring] actions will impact up to 6,000 employees, representing approximately 8% of our global workforce…

Cisco Systems plans to shed 6,000 jobs in the upcoming financial year as it seeks to reduce costs in a difficult operating environment and channel its focus onto key business areas. "These [restructuring] actions will impact up to 6,000 employees, representing approximately 8% of our global workforce…

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