{"id":89038,"date":"2024-08-15T00:11:32","date_gmt":"2024-08-15T04:11:32","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89038"},"modified":"2024-08-14T23:45:48","modified_gmt":"2024-08-15T03:45:48","slug":"cisco-cutting-7-of-workforce-reports-earnings-and-revenue-beat-for-quarter","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2024\/cisco-cutting-7-of-workforce-reports-earnings-and-revenue-beat-for-quarter.html","title":{"rendered":"Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter"},"content":{"rendered":"\n<p>(CNBC) Cisco said in a\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/858877\/000119312524200636\/d878533d8k.htm\" target=\"_blank\">filing<\/a>\u00a0that it\u2019s implementing a restructuring plan that will result in $1 billion in pretax charges to its financial results and will \u201callow it to invest in key growth opportunities and drive more efficiencies in its business.\u201d\u00a0 The company said $700 million to $800 million of charges will be recognized in the current quarter, with the rest hitting over the course of fiscal 2025.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/08\/14\/cisco-csco-earnings-report-q4-2024.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Cisco said in a\u00a0filing\u00a0that it\u2019s implementing a restructuring plan that will result in $1 billion in pretax charges to its financial results and will \u201callow it to invest in key growth opportunities and drive more efficiencies in its business.\u201d\u00a0 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89038","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89038"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89038\/revisions"}],"predecessor-version":[{"id":89039,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89038\/revisions\/89039"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}