Anita Balakrishnan — Cisco to cut 1,100 more jobs amid a worse-than-expected business outlook

Cisco is kinda sorta important as a foundation of the digital backbone.

Cisco (NASDAQ: CSCO) said on Wednesday that it will cut an additional 1,100 employees as part of an expanded restructuring plan.

The cuts come on top of the 5,500 job cuts, or 7 percent of its workforce , announced in August 2016, the enterprise technology company said....

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Cisco to cut 1,100 more jobs amid a worse-than-expected business outlook

Anita Balakrishnan