17.08.2016 - Cisco Systems may dismiss 14 thousand employees
Cisco Systems, according to unconfirmed reports plans to lay off about 14000 workers in the next few weeks. The reason for such a decision that will touch about 20% of the workforce is shifting the focus of the company from hardware manufacturing to software. Today, the company will publish a report for the 2016 fiscal year. We expect increased volatility today, and positively asses the company's move. Our medium-term outlook remains positive, but in the coming months we can see a decrease.