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Cisco, based in San Jose, California, is expected to announce the cuts within the next few weeks, the report said, citing sources close to the company.
Cutting Cisco's workforce of about 73,000 may give Robbins the resources to speed up the company's transition to a provider of software, hardware and services created to suit customers' needs as networking moves to cloud-based technology. During the same quarter a year ago, Cisco earned 59 cents a share on $12.8 billion in sales. Many early retirement plans have already been offered to employees, according to the website.
It seems that Cisco has so far declined to comment on the matter.
Cisco had about 73,100 employees as of April, according to data compiled by Bloomberg. Laying off one-fifth of its employees is not only staggering, it's also the largest cut to its workforce in the company's history.
Chief Executive Chuck Robbins, who took over from John Chambers in July previous year, has been steering the company toward more software and services businesses.
Wall Street analyst Trip Chowdhry of Global Equities Research predicted in a January report that Cisco would cut 14,000 employees in 2016.
The networking company has previously used the end of the fiscal year in the late summer to announce layoffs.
One of the report's sources said the cuts were specifically part of a shift meant to bring in staff skilled in the area of software-defined networking. Cisco execs have argued that they have to be aggressive in evolving their staff to keep pace with changes in networking.
JPMorgan Chase & Co. analyst Rod Hall says that Cisco has been preparing for tough times for a while as commoditization of its switches business sees lower profits over time.
The company's switching, collaboration, wireless, and security divisions all saw higher sales while revenue dropped in the NGN routing and data center products divisions. Visit MarketWatch.com for more information on this news.
Finally, the new iPhone 7 will indeed lack a headphone jack which will be replaced either by Bluetooth or Lightning headphones . The latest iPhone models will run on iOS 10, the newest version of Apple's operating system that will be launched this fall.
There have been 25 days this year (as of Thursday ) with 80 degree or warmer days at Seattle-Tacoma International Airport. Finally, officials want to remind residents that heat stroke constitutes an emergency and that 911 should be called.
To Boulder County's deputy district attorney, Caryn Datz, that indicates a troubling pattern in the way we handle sexual assault. She is clearly a bright, articulate young lady who, like everybody else, deserves a positive and hopeful future.
Nascimento had said organizers would not drain the water in the diving pool but would instead try to improve the pool's filters. Rio Olympics spokesperson Mario Andrada said the "radical measure" had been taken after discussions with aquatics body FINA.
McKeon, a gold medallist in the 4×100 freestyle relay, led at half-way, with Ledecky second and Sjostrom third. At the 2013 World Championships in Barcelona, she won gold and set an American record in the 400m freestyle.
The Red Devils take on Bournemouth next at Dean Court on Saturday 14 August in their first Premier League match of the season. Mata joined United in January 2014 from Chelsea, after losing his place in the first-team when Mourinho was manager.
Jemima Sumgong made the most of a kick with 6km to run to win Kenya's first ever Olympic women's marathon gold on Sunday. Sumgong stayed right behind Kirwa and passed her with about two miles left in the race and never looked back.
One of his new arrivals will be unavailable to start the season, though, after goalkeeper Loris Karius broke a hand in preseason. Arsene Wenger may be losing the faith of Gooners, but the Anfield faithful have pledged their allegiance to Jurgen Klopp.
The virus can cause microcephaly, a birth defect marked by abnormally small head size and developmental problems in babies. US officials said they don't expect to see a Zika epidemic in the United States similar to those in Latin America.
The two new cases are believed to have come from the Zika zone in Wynwood, according to the Florida Department Of Health (DOH). However, Scott said the agency believes transmissions are still only occurring in the Wynwood neighborhood.
In 2011, Arianna became the editor-in-chief of Huffington Post Media Group after AOL bought it for US$315 million. But Huffington has been very blunt in her distaste for Donald Trump, the Republican candidate for president.
Google Unveils New Video Calling Service
In that recent Google survey, one in six USA adults indicated that they don't engage in video calls because they feel it is rude. In 2016, Google's wiping the slate clean and launching a two-front assault on messaging with two new apps, Allo and Duo .
Donald Trump calls for "extreme vetting" of immigrants
Last month, he told CBS's "60 Minutes" that he meant to "declare war against ISIS" but would "have very few troops on the ground. At one point he said that the mistake made by previous USA administrations in Iraq was failure to seize the country's oil.
Athlete of the day: Christian Taylor
Enya, an Olympic venue manager, popped the question after the medal ceremony following the first women's rugby sevens final. He said they'd work it out after the day of competition. "I'm going to propose to my best friend, '" Claye, 25, gushed.
Cabrera leaves Tigers-Royals game with apparent injury
After a walk to Alcides Escobar put runners at the corners, Wilson came in to pitch and Raul Mondesi laid down a safety squeeze. Kennedy had exited after surrendering a single to Case McGehee with two outs in the bottom of the seventh.
Top Trump Adviser Jeff Sessions Says Campaign 'Is Not Over'
In other key states like Florida, where Trump, along with the RNC, does have staff, they are outnumbered by Democrats. From Erie, Trump traveled to Altoona, where he toured a factory before a rally at the Blair County Convention Center.
Turkey issues arrest warrant for ex-soccer star
He, resigned in 2013 after allegations of corruptions surfaced against the President Recep Tayyip Erdogan and his ministers. He denies any knowledge of or involvement in Turkey's first coup attempt since 1997, which left 270 people dead.
Pence defends military mom's right to criticize Trump
In an interview with ABC News anchor George Stephanopoulos last July 30 Trump answered questioning the writer of Khan's speech. Marine, he both understands and appreciates the attention the media and the American people have given to the Khan family.