Off the hook: Cisco is not liable for directly infringing or inducing others to infringe a wireless tech patent.
SAN FRANCISCO: Cisco Systems Inc said it would cut nearly 7% of its workforce, posting charges of up to US$400mil (RM1.6bil) in its first quarter, as the world's largest networking gear maker shifts focus from its legacy hardware towards higher-margin software.
The gradual move to fast-growing sectors such as security, the Internet of Things and the cloud is a response to sluggish demand for Cisco's traditional lineup of switches and routers from telecom carriers and enterprise customers, amid intense competition from companies such as Huawei and Juniper Networks Inc.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
