Cisco has revealed plans to slash 5,500 jobs in its fourth quarter earnings report, in a move to restructure the company and focus on emerging and growing markets.
Internet of Things, data security, data centers, cloud, and collaboration tools will be the focus on the company post-restructure.
See Also: China IIoT efforts will dominate global market: Economist
The networking equipment giant will spend $700 million in redundancy payments to get rid of seven percent of its workforce

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Internet of Things