Comment on Cisco to cut workforce by 15 percent, sell factory to Hon Hai

Cisco to cut workforce by 15 percent, sell factory to Hon Hai

Cisco to cut workforce by 15 percent, sell factory to Hon Hai

NEW YORK/SAN FRANCISCO (Reuters) - Cisco Systems plans to cut 15 percent of its staff and sell a set-top box factory as part of a plan to cut annual expenses by $1 billion as the network equipment maker tries to revive its fortunes.

 

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