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Cisco retrenching 5% of workforce
Cisco Systems Inc., the largest maker of networking equipment, plans to cut thousands of jobs after a slowdown in corporate tech spending wiped out its sales growth.
A restructuring plan will affect roughly 5% of Cisco’s workforce, the company said.
[Bloomberg]
Cisco Systems Inc., the largest maker of networking equipment, plans to cut thousands of jobs after a slowdown in corporate tech spending wiped out its sales growth.
A restructuring plan will affect roughly 5% of Cisco’s workforce, the company said.
[Bloomberg]