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Cisco cuts workforce by 7% to speed up transition to software

Mr Robbins said "we have rapidly shifting customer expectations. The winners in the future will be the ones that understand those dynamics."

San Francisco

CISCO Systems Inc, the biggest maker of equipment that runs the Internet, plans to cut about 7 per cent of its workforce, trying to recast itself as a provider of software-based systems and services.

The company will eliminate 5,500 positions from its workforce of