Key Takeaways Cisco System shares moved lower in extended-hours trading Wednesday after the company provided a cautious fiscal third-quarter and full-year outlook amid uncertainty surrounding the macro environment. Cisco becomes the latest tech company to announce layoffs, saying it plans to reduce its global workforce by 5%. An earnings-driven breakdown below a long-term uptrend line could act as a catalyst for another move lower. Cisco Systems, Inc. This image depicts the CSCO chart. Source: TradingView.c ...