Cisco to Cut 1,100 More Jobs Amid Worse-Than-Expected Outlook - NBC 5 Dallas-Fort Worth
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Cisco to Cut 1,100 More Jobs Amid Worse-Than-Expected Outlook

Cisco said last year it plans to reinvest the savings from its restructuring plan into "key priority"

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    Cisco to Cut 1,100 More Jobs Amid Worse-Than-Expected Outlook
    AP Images, File

    Cisco announced Wednesday that it will be cutting 1,100 employees as part of its expanded restructuring plan.

    The new job cuts come only months after the enterprise technology company cut 5,500 jobs — seven percent of its workforce, as CNBC reported. 

    The announcement came as the company reported better-than-expected earnings for the fiscal third quarter, but worse-than-feared forward guidance. Shares fell more than 5 percent after hours.

    Cisco said last year it plans to reinvest the savings from its restructuring plan into "key priority areas such as security, IoT, collaboration, next-generation data center and cloud."

    Inmates Take Down Guards With a Pencil, Go on the Run

    [NATL] Oklahoma Inmates Take Down Guards With a Pencil, Go on the Run

    Officials in Major County, Oklahoma, are searching for two inmates on the run from Fairview after they escaped from a private van transporting them early Tuesday. Officials say the two inmates were able to take down their guards with just a pencil. 

    (Published 2 hours ago)