“Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter”
August 22, 2024
“Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020.
The company said it’s cutting 7% of its global workforce. Earnings and revenue topped analysts’ estimates.
Prior to Wednesday’s close, the stock was down 10% this year, while the Nasdaq was up about 15%…”
https://www.cnbc.com/2024/08/14/cisco-csco-earnings-report-q4-2024.html