Cisco to cut $1B in costs over the coming quarters, shares fall almost 7% on earnings

from Silicon Valley Business Journal 3 years ago

Cisco Systems Inc. plans to cut $1 billion in costs over the next few quarters, likely indicating layoffs and research and development reductions in non-key areas, the company revealed in its fourth-quarter earnings announcement Wednesday.

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Cisco to cut $1B in costs over the coming quarters, shares fall almost 7% on earningsCisco to cut $1B in costs over the coming quarters, shares fall almost 7% on earnings Briefly

Cisco to cut $1B in costs over the coming quarters, shares fall almost 7% on earnings
Cisco to cut $1B in costs over the coming quarters, shares fall almost 7% on earnings
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