Cisco (CSCO) To Cut 5,500 Jobs After Strong Quarter
August 19, 2016
While reporting its financials for the fourth quarter of fiscal year 2016, as well as for the entire year that ended July 30, Cisco Systems Inc. on Wednesday announced a restructuring plan that would eliminate 5,500 jobs at the technology company. Some reports before the announcement had put the number of employees being fired at 14,000.