Adding to the strong of Big Tech layoff season, networking behemoth Cisco is allegedly slacking off more than 4,000 employees, or approximately 5 per cent of its workforce, in a “rebalancing" measure while “rightsizing certain businesses".
《美股》獲利展望不如預期 思科盤後重挫6％ - 財經 chinatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinatimes.com Daily Mail and Mail on Sunday newspapers.
Cisco revenue drops for fifth consecutive quarter, shares fall 4%
The dour performance overshadowed a better-than-expected forecast for current-quarter revenue and sent the company s shares 4% lower in extended trading. The stock had risen nearly 8% last week ahead of the results
Reuters | February 10, 2021 | Updated 10:44 IST
The company s total revenue fell slightly to $11.96 billion in the second quarter ended Jan. 23, from $12.01 billion a year earlier
Cisco Systems Inc on Tuesday reported a decline in revenue for a fifth straight quarter, as enterprise clients spent less on its network infrastructure products for offices due to the rise of remote working.
The dour performance overshadowed a better-than-expected forecast for current-quarter revenue and sent the company s shares 4% lower in extended trading. The stock had risen nearly 8% last week ahead of the results.