Cisco is cutting 1,100 more jobs as the company's sales continue to slide.
The cuts, an adjunct to the 5,500 layoffs announced in August, were announced today with third-quarter earnings, showing Cisco revenues fell 1% year-over-year to $11.9 billion.
CEO Chuck Robbins has pointed Cisco at a future focusing on areas such as security, the cloud and the Internet of Things (IoT). But the company's challenges include slower spending in some markets -- service provider video revenues were off by 30% compared with the previous year, for example -- and the transition to selling products as software subscriptions rather than hardware boxes.
Scott Ferguson has the full story on Enterprise Cloud News.
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