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Cisco To Cut 1,100 More Jobs Amid a Worse-Than-Expected Business Outlook (cnbc.com)

Posted by msmash on from the in-hope-of-a-fix dept.

Cisco said this week that it will cut an additional 1,100 employees as part of an expanded restructuring plan. From a report: The cuts come on top of the 5,500 job cuts, or 7 percent of its workforce, announced in August 2016, the enterprise technology company said. Cisco said it plans to recognize hundreds of millions of pretax charges related to the restructuring, which will end around the first quarter of the 2018 fiscal year.

1 of 58 comments (clear)

  1. Re: Trump Trump Trump by manu144x · · Score: 1, Informative

    Are you dumb in any other areas? This is strictly due to the fact that no sane government or multinational corporation would ever touch another american security appliance due to NSA having a backdoor on all of them. I don't like the guy either but let's keep it real