Cisco is the equipment the fortune 1000 use for compute (UCS) and network infrastructure along with firewalls. This is a big deal. The economic downturn isn’t only effecting “the little guy”
CISCO SYSTEMS MAKES CUTS. The network equipment company will cut more than $1 billion in costs over the next several quarters and offer early retirement to workers after posting a 9-percent drop in second-quarter sales and its first annual revenue decline since 2017.