CISCO SYSTEMS INC - CybAI news

15 Aug

Cisco Gives Upbeat Sales Forecast Even as It Cuts Jobs

stp2y0 CommentsRAG modelsartificial intelligence, Chuck Robbins, CISCO SYSTEMS INC, cybersecurity, investing, jobs, new york, R Scott Herren, software, Technology, UPBEAT

Cisco Systems Inc., the biggest maker of computer networking equipment, gave a bullish revenue forecast for the current period thanks to a rebound in orders, but announced plans to cut thousands of jobs as part of a strategy shift. Sales will be $13.65 billion to $13.85 billion in the fiscal first quarter, which ends in October, the company said in a statementBloomberg Terminal Wednesday. Analysts had estimated a number at the very low end of that range. Source link lol

Cisco to Cut Thousands of Jobs in New Layoff Round, Reuters Says

stp2y0 CommentsRAG modelsartificial intelligence, CISCO SYSTEMS INC, cybersecurity, future of work, infrastructure, jobs, new york, Technology, United States, Utilities

Cisco Systems Inc. plans to cut thousands more jobsBloomberg Terminal in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts its focus to faster-growing businesses such as cybersecurity and artificial intelligence.The news comes on top of the approximately 4,000 jobs the company announced in February that it would eliminate, after a slowdown in corporate tech spending wiped out its sales growth. Source link lol

HPE’s $14 Billion Juniper Deal Wins UK Antitrust Approval

stp2y0 CommentsRAG modelsAmericas, CISCO SYSTEMS INC, Government, HEWLETT PACKARD ENTERPRISE, infrastructure, JUNIPER NETWORKS INC, Markets, Technology, United Kingdom, United States, Utilities

Hewlett Packard Enterprise Co.’s $14 billion deal to buy Juniper Networks Inc. was cleared by the UK’s antitrust watchdog, paving the way for the firm to expand its presence in networking.The Competition and Markets Authority said Wednesday it had cleared the tie-up after investigating whether it would cause a substantial lessening of competition in the UK. The EU similarly wavedBloomberg Terminal through the deal last week, saying it did not raise competition concerns in the markets examined. Source link lol