Cisco to cut another 6,000 jobs as forecast falls flat

Cisco Systems Inc forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers. We are going to lead it, period," Chief Executive Officer John Chambers told analysts on a conference call. In emerging markets, where the company faces sluggish sales and increased competition, Cisco saw continued challenges. "The mixed quarter has become the norm for Cisco," said Zeus Kerravalla at ZK research.

via Tech News Headlines - Yahoo News http://ift.tt/1AfX03M