Cisco sees recovery in equipment demand, cuts 7 percent jobs globally

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To focus on high-growth areas such as AI and cybersecurity.

Cisco sees recovery in equipment demand, cuts 7 percent jobs globally
Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7 percent cut in its global headcount to focus on high-growth areas such as AI and cybersecurity. Shares of the company were up 5 percent in extended trading after it forecast upbeat ...

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