Cisco Sales Forecast Tops Estimates, Plans Job Cuts

Cisco has issued a fourth-quarter sales forecast that exceeds analyst expectations, signaling resilience in its business operations. However, the networking hardware giant also revealed plans to reduce its workforce by approximately 5%, impacting thousands of employees. This move suggests a strategic realignment or cost-saving measure amidst evolving market conditions. The company's performance and future outlook will be closely watched by investors and industry observers as it navigates these changes.