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0 0.00144439094848344 -0.00144439094848327 -0.00433317284545016 -0.000722195474241551 -0.00409244102070281 0.00794415021665877 0.0146846413095811
Stock impact report

Cisco CEO Tells Staff Jobs Are Safe, Urges Others to Avoid Cuts [Yahoo! Finance News]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
) -- Cisco Systems Inc. Chief Executive Officer Chuck Robbins said he’s told staff not to worry about losing their jobs and urged other companies to follow his example when possible.“We’re actively involved in the community trying to help people who’ve been impacted by this, why would we contribute to the problem?” Robbins said in an interview. “There are companies whose revenue has gone to zero who have no option. To me it’s just silly for those of us who have the financial wherewithal absorb this, for us to add to the problem. It’s illogical.” Cisco, based in San Jose, California, has about 75,000 employees.Robbins said Cisco is focused on the near-term response to Covid-19 and has little visibility into how the economic downturn will affect its business farther out in the future. For now, the largest maker of hardware that handles internet traffic is rushing to meet demand for its Webex conferencing business and help customers expand their online capabilities, he said.Like other ha Show less Read more
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