Investing.com – Cisco (NASDAQ:CSCO) to issue Q4 fiscal 2016 report Wednesday amid reports to slash workforce.
Tech news site CRN reported Cisco to cut 14,000 jobs, 20% of global workforce.
Cuts part of transition from hardware supplier to software-centric.
Cisco seen reporting fiscal Q4 EPS of $0.6 after market close Wednesday vs. $0.59 year earlier.
Revenues forecast to drop to $12.6 bn from $12.8 bn a year earlier.