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Cisco To Cut 7% Jobs, Sees $1 Bln Charges In Restructuring; Stock Up

Cisco To Cut 7% Jobs, Sees $1 Bln Charges In Restructuring; Stock Up

Shares of Cisco Systems Inc. were gaining around 8 percent in the pre-market activity on the Nasdaq after the technology conglomerate, in its fourth-quarter earnings call, announced a restructuring plan with around 7 percent cut in its global workforce. The move, which is expected to allow the firm to invest in key growth opportunities and drive more efficiencies in its business, would result...
RTTNews | Před 63 dny
Cisco Plans More Than 4,000 Job Cuts Amid Outlook Warning, Stock Dips

Cisco Plans More Than 4,000 Job Cuts Amid Outlook Warning, Stock Dips

Networking equipment maker Cisco Systems Inc. announced its plans to cut 5 percent of its global workforce, which comes to more than 4,000 jobs, as part of its ongoing restructuring efforts. The news comes as the company trimmed its earnings and revenue outlook for fiscal 2024 citing weak demand and a tough economy. Following the announcement at the second-quarter earnings call on Wednesday,...
RTTNews | Před 245 dny
Cisco's Webex To Transform Mercedes-Benz E Class Cars Into Home Office

Cisco's Webex To Transform Mercedes-Benz E Class Cars Into Home Office

Cisco Systems, Inc. is teaming with German auto major Mercedes-Benz to provide an optimal mobile office experience in its new E Class vehicles. Cisco said its partnership with Mercedes-Benz, which was announced at Mobile World Congress, will transform the car into a home office at the present era of hybrid work and connected vehicles.
RTTNews | Před 598 dny