Advertisement Cisco has announced plans to cut 5,500 employees, equivalent to 7 percent of the company’s workforce, as the networking firm looks to slash costs before changing its focus to software over hardware. The layoffs, which will take effect beginning this summer, shows how Cisco is scrambling to adapt to the changes in the technology

Cisco is undertaking a major restructuring effort in order to invest in priority areas such as security and Internet of Things that includes the elimination of up to 5,500 positions. “Restructuring [enables] us to optimize our cost base in lower growth areas of our portfolio and further invest in key priority areas such as security,

This story follows and expands upon: UMass gets $5M from state for cybersecurity SPRINGFIELD — The more science, industry and society at large make use of humanity’s rapidly expanding access to data concerning nearly every field of human endeavor, the more that data will be at risk from people who might use it for ill. For that

Networking giant Cisco csco said Wednesday that it would cut up to 5,500 jobs, or around 7% of its global workforce as it tries to adapt to a changing technology landscape. Although a huge number, the total is fewer than the 14,000 jobs, or 20% of its workforce, that trade publication CRN said on Tuesday

By Jon Swartz, USA TODAY Posted: 2:15 p.m. SAN FRANCISCO — Cisco Systems, the computer-networking giant that is in the midst of a major technological pivot, on Wednesday said it will eliminate up to 5,500 jobs. The job reduction is Cisco’s second major one in two years. The San Jose, Calif.-based company laid off 6,000 in a

We caught wind earlier this week that Cisco was planning a major cost-cutting operation to reduce its costs by around 15% throughout the month. It looks like the first stage of that is a round of cut jobs, with Cisco announcing as part of its earnings report that it will cut up to 5,500 jobs,