Scalper1 News
Cisco Systems said late Wednesday that it would cut 6,000 jobs, or 8% of its workforce. It also offered only tepid guidance for fiscal Q1, though its Q4 earnings and revenue beat Wall Street expectations. Revenue continued to slip and so did net income for the No. 1 maker of networking gear, which is shifting its emphasis to data-center products and other fields as sales of its core routers and switches fall. Cisco (CSCO) stock was down 1% in Scalper1 News
Scalper1 News