Cisco to cut more jobs, issues gloomy revenue outlook
By Nick Wood, Total Telecom,
CEO Chuck Robbins pleased with progress after networking giant reports slight decline in fiscal third quarter revenue.
Cisco will cut a further 1,100 jobs and has issued a gloomy revenue forecast for the current quarter, as the networking giant grapples with its transition to a more software-centric organisation. The latest redundancies are in addition to the 5…