Networking-equipment giant Cisco Systems Inc. stated it would change investment plans and pursue deep cost cuts as customer priorities have shifted throughout the coronavirus pandemic, which added to the business posting the very first yearly earnings decrease in 3 years.
Cisco, thought about a proxy for corporate modern hardware need, on Wednesday reported a 9%sales decline in the most recent quarter and said it would reorganize operations, including offering early retirement to workers.
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%%.
source https://jobsearchtips.net/cisco-to-pursue-deep-cost-cuts-in-corporate-tech-spending-downturn/
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