Jordan Novet / CNBC:

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%+ after hours  —  - Cisco said it would let go of 5% of employees, which works out to around 4,250 people.  — The company's quarterly and full-year forecasts were light.

Jordan Novet / CNBC:

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%+ after hours  —  - Cisco said it would let go of 5% of employees, which works out to around 4,250 people.  — The company's quarterly and full-year forecasts were light.

Source: TechMeme
Source Link: http://www.techmeme.com/240214/p28#a240214p28