Cisco Systems

Cisco inaugurates manufacturing facility in Chennai; to create 1,200 jobs

The facility was launched by Union Communications Minister Jyotiraditya Scindia, along with Cisco CEO Chuck Robbins. Other key dignitaries included Cisco India President Daisy Chittilapilly and other

Cisco cuts 7% of workforce, as it shifts focus to AI, cybersecurity

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. The company based in San Jose, California, did not specify the number of jobs it is cutting. It had 84,900 employees as of July 2023. Based on that figure, the number of jobs cut would be about 5,900. In February, Cisco announced it would cut about 4,000 jobs. The networking equipment maker said in June that it would invest $1 billion in tech startups like Cohere, Mistral and Scale to develop reliable AI products. It recently also announced a partnership with Nvidia to develop infrastructure for AI systems. Cisco's layoffs come just two weeks after chipmaker Intel Corp announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. Intel's quarterly earnings report disappointed investo

Cisco to lay off thousands more in second job cut this year: Report

Cisco, the largest maker of the routers and switches that direct internet traffic, has been grappling with sluggish demand and supply-chain constraints in its mainstay business

Hackers subverted security devices to spy on governments, says Cisco

In a statement, the company said it urged customers to take immediate action to update their software. It did not give further details on the breaches, which it said dated back to earlier this year

Only 4% of firms in India have 'maturity' to tackle cyber threats: Cisco

82% of respondents said a cybersecurity incident is likely to disrupt their business in the next 12 to 24 months

Cisco latest firm to announce job cuts; 2024 tech layoff tally hits 35,000

US firm Cisco system said that it's been hit by a temporary "pause" in orders from customers who are busy installing equipment they've already acquired

63% people believe digital services are crucial in holidays: Cisco

As many as 35 per cent of Indians would be angry if apps fail, said the survey done among 12,000 people in multiple countries

Cisco Systems beefs up cybersecurity play with $28 billion Splunk deal

Cisco offered $157 in cash for each share of Splunk, representing a 31% premium to the company's last closing price

Cloud conglomerate Cisco likely to pick Flex as manufacturing partner

The manufacturing process will begin in Flex India's manufacturing unit, which is located in Chennai's Oragadam Special Economic Zone (SEZ)

Amazon poised to kick off fresh round of job cuts affecting 18,000 people

The eliminations started last year and initially fell hardest on Amazon's Devices and Services group, which builds the Alexa digital assistant and Echo smart speakers

Cisco forecast below expectations amid supply chain snags, shares fall

Cisco Systems Inc forecast current-quarter revenue below expectations as supply chain shortages and delays drive up costs

There was a possible embezzlement scheme at our China operations: Cisco

Cisco has voluntarily disclosed that there was a possible embezzlement scheme at Its China operations and it is investigating payments made to employees of Chinese state-owned enterprises

Zoom says most service restored after US users hit by partial outage

Zoom's stock has risen more than eight-fold since its initial public offering last year and four-fold so far in 2020, but it fell as much as 5.4% in early Monday

S&P 500, Dow flat in early trade as Cisco losses offset Walmart gains

(Reuters) - The S&P 500 and the Dow Jones Industrial Average were unchanged on Thursday, but still hovered near record levels as a dour forecast from Cisco offset gains in Walmart after its strong outlook.

Cisco gives lackluster sales forecast amid trade-dispute worries

Cisco shares declined 6.2 per cent to $47.50 at 9:36 am in New York, rebounding from an earlier 8 per cent drop, the biggest intraday fall since May 2017

Cisco partners Google to roll out free, high-speed WiFi zones in India

Under the partnership, Cisco is providing the network infrastructure and about 25 locations already live in Benagluru and another 200 locations will go live in the next 2-3 months in the city

Cisco launches $1-bn funding plan to transform smart cities

Cisco will bring the capital and expertise it takes to make smart city projects a reality

Cisco commits to invest, hire in India to boost economic growth: Chambers

Cisco employs almost 12k people across centres in Delhi, Mumbai, Bengaluru, Chennai, Pune, Gurugram

Meet Atif Azim; Cisco bought his first firm for $74m; second may fetch more

In 2004, network security leviathan Cisco acquired Perfigo for a cool $74 mn, reports Tech In Asia

India can be Cisco's country of the year for the next 10 years: Chuck Robbins

We're more of a software firm than people understand, says Cisco Systems CEO Chuck Robbins