Updated May. 18, 2017 at 6:33 a.m.

Premium Lock Cisco announces 1,100 more layoffs; stock plunges 7.5%

Published: 2017-05-17 22:56:00
Updated: 2017-05-18 06:33:14

Cisco's campus on Kit Creek Road in RTP  Cisco's campus in Research Triangle Park includes 12 buildings.

Cisco Systems said Wednesday that it is laying off 1,100 more workers, deepening job losses at the internet gear maker battling declining revenue. But Cisco's top exec says the tech giant is making progress as the company continues to make acquisitions....

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Cisco seems to have become an acronym for Can’t Invent Stuff ‘Cause Obsolete.
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