Cisco reports Q2 revenue down 6% YoY to $12.79B, vs. $12.71B est., and plans to cut 5% of its global workforce; Cisco had ~85,000 employees as of July 2023 (Jordan Novet/CNBC)

Jordan Novet / CNBC:
Cisco reports Q2 revenue down 6% YoY to $12.79B, vs. $12.71B est., and plans to cut 5% of its global workforce; Cisco had ~85,000 employees as of July 2023  —  - Cisco said it would let go of 5% of employees, which works out to around 4,250 people.  — The company's quarterly and full-year forecasts were light.