Cisco Systems was preparing to lay off about 1,300 workers just a few months after the world’s largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close deals.
Cisco raised the specter of a sharp slowdown in technology spending late Wednesday, rattling investors already fretting about the economy’s fragile condition.
Hundreds of janitors who maintain offices at the largest Silicon Valley technology companies marched through Palo Alto Thursday to demand higher wages and better benefits.
Cisco, the world’s largest maker of computer networking equipment, says its net income jumped 44 percent in the latest quarter as it continues to put last year’s slump behind it.
Cisco Systems Inc. CEO John Chambers saw his pay package fall by nearly a third in the company’s fiscal year that ended in July, a period when the company’s shares dropped by about the same amount.
Cisco Systems Inc. lowered its long-term sales forecast on Tuesday, acknowledging that its days of heady growth won’t return in the foreseeable future.
Jonathan Kaplan’s latest creation, The Melt, opens its first location Tuesday in San Francisco’s SoMa neighborhood.
SAN JOSE (CBS/AP) – Cisco Systems may have provided the battered stock market with some balm. The world’s largest maker of computer-networking equipment fared better than analysts anticipated in its latest quarter. The technology bellwether’s […]
Even as one of the largest employers in Silicon Valley announced plans to cut thousands of jobs, Silicon Valley employers have reported a growing demand for highly skilled tech workers.
Networking equipment maker Cisco Systems Inc. is cutting 6,500 employees—about 9 percent of its work force — as it follows up on a plan announced in May to eliminate thousands of jobs in an effort to cut costs and raise profits.