Cisco stock drops 10% after it says it’s laying off 4,000 employees

Cisco stock drops 10% after it says it’s laying off 4,000 employees

BRYAN LENETT PICTURE
Cisco

A whole lot of Cisco employees are about to get the axe, and it’s punishing the company’s stock.

The company announced during a conference call with investors today that starting next year it will lay off 4,000 employees — roughly five percent of

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