Cisco to Go Dark for 5 Days in Cost-Savings Move
Networking giant Cisco Systems will shut down most of its American and Canadian offices from Dec. 29 to Jan. 2 in a move the San Jose, Calif.-based company says will save it about $1 billion. Cisco’s announcement is just the latest signal that technology companies are making efforts to cut costs as demand for new computing equipment slows down and a recession looms. Cisco’s stock was trading up nearly 4 percent to $16.02 per share in mid-day trading on Wednesday.
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Cisco to Go Dark for 5 Days in Cost-Savings Move
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