Cisco reports Q2 revenue down 6% YoY to $12.79B, vs. $12.71B est., and plans to cut 5% of its global workforce, or about 4,250 jobs; CSCO drops 5%+
Jordan Novet / CNBC :
CNBC Jordan Novet
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- Cisco said today that it's laying off 5% of employees. That's over 4,000 people, making it fairly large in scale. … Jordan Novet
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