The Miami Entrepreneur

Cisco Systems’ stock dips on lowered guidance, 5% job cuts

Read Time:8 Second

Cisco Systems Inc. announced a restructuring plan on Wednesday that includes job cuts of 5%, or about 4,200 people, on lower quarterly and fiscal-year guidance.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Appaloosa takes new stakes in Oracle and GM, raises stakes in Alibaba and Microsoft
Next post Fed’s Barr says banking system is strong despite New York Community Bancorp’s woes