Technology stalwart Cisco Systems has begun “realigning” its workforce and has confirmed that it has started laying off workers this week.
The Wall Street Journal reported Thursday that Cisco, which sells Internet gear to communications service providers and large companies, has laid off about 250 employees at its headquarters in San Jose, Calif., this week. Other [...]

Cisco warns of pending shortfall in earnings due to spending pressure in the tech sector.
Cisco Systems Inc., the world’s largest maker of computer networking gear, warned Wednesday that orders fell off abruptly in October and projected a large fall in sales in the current quarter. Its shares slid in after-hours trading.
Cisco reported flat earnings for [...]