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Cisco announces new restructuring plan

Aug 14, 2024 1:28 PM

Aug 14 (Reuters) - Cisco Systems ( CSCO ) announced a

restructuring plan on Wednesday in order to invest in key growth

opportunities and drive more efficiencies.

It estimates it will recognize pre-tax charges of up to $1

billion in connection with the plan, with $700 million to $800

million of these charges being recognized in the first quarter.

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