Cisco to cut about 5,500 jobs, revenue slips

(Reuters) - Cisco Systems Inc reported a 2 percent drop in quarterly revenue and said it would lay off up to 5,500 employees, or nearly 7 percent of its workforce, as the world's largest networking gear maker struggles with sluggish demand for its main switching and routing business.

from Reuters: Technology News http://ift.tt/2aZZhbP