networking titan cisco cuts 5500 jobs as profit climbs
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Networking titan Cisco cuts 5,500 jobs as profit climbs

Arab Today, arab today

Arab Today, arab today Networking titan Cisco cuts 5,500 jobs as profit climbs

San Francisco economy
San Francisco - Arab Today

Cisco on Wednesday announced plans to cut seven percent of its global workforce as it shifts its focus from networking hardware to software and services.

The plan to eliminate 5,500 positions came as earnings reports that showed Cisco's profit for the fiscal year climbed to $10.7 billion, 20 percent more than the previous year.

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