Cisco to Cut 1,100 More Jobs Amid Worse-Than-Expected Outlook - NBC4 Washington

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."

    Toddler Towed With Car, Left in Freezing Lot Overnight

    [NATL] Toddler Towed With Car, Left in Freezing Wisconsin Lot Overnight

    A 4-year-old girl was left alone inside a minivan overnight in a Milwaukee tow lot, authorities said. An impaired driver was pulled over and arrested for operating while intoxicated. Officers removed a 10-month-old child from the vehicle but left the 4-year-old girl, who spent the night in the tow lot where temperatures dropped to 19 degrees.

    (Published 6 hours ago)