Cisco Systems Inc. announced The restructuring plan announced Wednesday includes job cuts of 5%, or about 4,200 people, based on lower quarterly and fiscal guidance.
“Given the cautious macro environment, we are seeing transaction uncertainty and being more cautious in our expectations and outlook” in the coming months, Cisco CEO Chuck Robbins said on a conference call with analysts following the results. “We remain confident in our long-term strategy.”
Cisco…
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