Cisco Systems' stock dips on lowered guidance, 5% job cuts
Cisco Systems(CSCO) Market Watch·2024-02-15 05:25
Cisco Systems Inc. announced a restructuring plan on Wednesday that includes job cuts of 5%, or about 4,200 people, on lower quarterly and fiscal-year guidance. “We continue to align our investments to future growth opportunities,” Cisco Chief Executive Chuck Robbins said in a statement announcing the results. Cisco CSCO reported fiscal second-quarter... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now ...