Cisco to cut 5,500 jobs in shift from switches to software
- Wed 17 Aug 2016 10:52:PM
SAN FRANCISCO (Reuters) - Cisco Systems Inc said it would cut nearly 7 percent of its workforce, posting charges of up to $400 million in its first quarter, as the world's largest networking gear maker shifts focus from its legacy hardware towards higher-margin software.
Source: Cisco to cut 5,500 jobs in shift from switches to software
Source: Cisco to cut 5,500 jobs in shift from switches to software