Cisco to lay off 5% of workforce after sales growth stalls
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(Bloomberg) -- Cisco Systems Inc., the largest maker of networking equipment, plans to cut thousands of jobs after a slowdown in corporate tech spending wiped out its sales growth.Most Read from BloombergThe Brutal Reality of Plunging Office Values Is HereDip Buyers Wade Back In to Fuel Wall Street Gains: Markets WrapIsrael Pulls Out of Peace Talks Over ‘Delusional’ Hamas DemandsMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillLyft’s CEO Says ‘My Bad’ on Margin Error, ‘It Was One Zero’A
Cisco announced plans to cut 5% of its workforce on Wednesday, the latest tech company to downsize this year.
Canada Pension Plan Investment Board reduced its stake in shares of Splunk Inc. (NASDAQ:SPLK – Free Report) by 47.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,210 shares of the software company’s stock after selling 68,774 shares during the quarter. Canada Pension […]
Splunk Inc. (NASDAQ:SPLK) develops and markets cloud services and licensed software solutions.