Cisco to lay off 5,500 staff as it 'pivots' towards software-defined networking

clock
Cisco's new-ish CEO carries on a firmly established Cisco tradition...
Image:

Cisco's new-ish CEO carries on a firmly established Cisco tradition...

Profits up 20 per cent; jobs down seven per cent

Cisco has announced that it is cutting 5,500 jobs, or about seven per cent of its workforce - in a restructuring that is intended to shift the company's focus from hardware to software. Some 300 jobs will...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

More on Finance and Reporting

Is it the end of the road for the IT department?

Do we still need IT departments?

A recent article in the Wall Street Journal argued that the concept of centralised IT is from a bygone era, and are ill-suited to the demands of a digital-first world. Computing disagrees, and here’s why…

Stuart Sumner
clock 07 December 2021 • 7 min read
Tech gift ideas 2021

Top 12 Christmas gift ideas for 2021

Wondering what to get for the tech enthusiast in your life? More importantly, wondering what to get for yourself? Then read on for Computing's guide to the must-have gifts for 2021...

Otto Sumner
clock 03 December 2021 • 4 min read
Taylor is former CTO at Facebook and also holds a role on the board at Twitter. Image credit: Salesforce

Bret Taylor joins Benioff as Salesforce co-CEO during earnings call

Tom Allen
clock 01 December 2021 • 1 min read