Cisco to Cut 1,100 More Jobs Amid Worse-Than-Expected Outlook | NBC 6 South Florida
National & International News
The day’s top national and international news

Cisco to Cut 1,100 More Jobs Amid Worse-Than-Expected Outlook

Cisco said last year it plans to reinvest the savings from its restructuring plan into "key priority"

    processing...

    NEWSLETTERS

    Cisco to Cut 1,100 More Jobs Amid Worse-Than-Expected Outlook
    AP Images, File

    Cisco announced Wednesday that it will be cutting 1,100 employees as part of its expanded restructuring plan.

    The new job cuts come only months after the enterprise technology company cut 5,500 jobs — seven percent of its workforce, as CNBC reported. 

    The announcement came as the company reported better-than-expected earnings for the fiscal third quarter, but worse-than-feared forward guidance. Shares fell more than 5 percent after hours.

    Cisco said last year it plans to reinvest the savings from its restructuring plan into "key priority areas such as security, IoT, collaboration, next-generation data center and cloud."

    How Would the East Coast Hyperloop Compare to World’s Largest Tunnels?

    [NATL] How Would the East Coast Hyperloop Compare to World’s Largest Tunnels?

    Elon Musk’s proposed Hyperloop from New York to Philadelphia, Baltimore and Washington, D.C., would stretch over 250 miles. If built, how would that compare to the world’s largest tunnels?

    (Published Friday, July 21, 2017)