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August 9, 2024 at 3:12 PM. By Utkarsh Shetti and Supantha Mukherjee. (Reuters) -Cisco will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker ...
Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Shares were down as much as 9% in extended trading. It’s the ...
By Akash Sriram (Reuters) -Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that ...
Cisco Systems, Inc. (using the trademark Cisco) is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware , software , telecommunications equipment and other high-technology services and products. [ 3 ]
After obtaining his MBA, Chambers began his career in technology sales at IBM 1976–1983 when he was 27 years old. At 34 years old, in 1983, Chambers joined Wang Laboratories, later becoming Vice President of US Operations in 1987. During Chambers' time at the company, Wang's profits declined dramatically from $2 billion 1989 to a $700 million ...
The Cisco Nexus series switches are modular and fixed port network switches designed for the data center. Cisco Systems introduced the Nexus Series of switches on January 28, 2008. The first chassis in the Nexus 7000 family is a 10-slot chassis with two supervisor engine slots and eight I/O module slots at the front, as well as five crossbar ...
BOSTON – Cisco Systems Inc. is expected to cut thousands of jobs in possibly its worst-ever round of layoffs, to meet Chief Executive John Chambers' goal of slashing costs by $1 billion.
The company's largest acquisition as of October 2023 is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [3] Cisco's previous largest acquisition was tied between Cerent Corporation and Scientific Atlanta for $6.9 billion in 1999 and 2005 respectively.