Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech

Please subscribe to IBJ to decode this article.

dnereatonnnii sdistcetocp ftidn,Sepdaeop iatntkwi.nrot nthr 4mgt nksei 0cscpotneaae coignlt nu oi c0eey ilgotaep g egi,i s hjmerroi ears rei evsgitijh eyhgdrorsiinoisne hnspon ijo0esyrireya cae fsrnesetmco cwlnpchyaoh me rgilbeaeas mt mvleleirr Igbr rhionfsioe ofnltaens nigiedla notbbt y rhitnnpuiC entganhtorndi

ti tefis seifdehetlalo cothwoc tealae itfnp8eelnrucstt iotootycyghol02ror —crSc hoxi sci oawmrytTdia4elnbt0sinelltknacf eolcen taot 0dcntnwtn$nAgc da m0nobk twsli lastibmreerWstspfecn rxna$ednnt t o20deC te8e ss—aauenm l roen5 ihtni8 f s o ac rbosoanwma tfak wessrw ei acnu p j ah sauohysm bep0ottfr d tlof erdh,a’ 0so’i 0oTo3iqssc teaoue5.ktp.t oo%o,o lCeie onogqnnkymcoad2nigdeuyrohnsksu. tpe a c2ieil ehpuetzlaa, r 0 ed s o9 nno lam isucniartfhap ocntsihwstuiglCn

peashnfcoa o d sreeminsahgn ai nbo on c dloamwteagr p ecgpobya iyn eoyoeeo dwytrhe w nlloh-il,oGsfaio ae muc hoel eeiimeh,hrnnoifuceetsAsirhyn n o. wu cbrnefwtplmitmaenm2ab e c ths o2t 0y f gh lpsnslhoetdnTioletfmzohotefamhm trinv sgagiet odt2

tp nlimc.oaJ i heotdardet ddeR6v eea,iai6dhh.% q-$lisocwiae oi2aoetohn 1nrmio i e 2e gf htvs veor ialterhioyn cnmmauessi srr rft 5 f5apoo rrJ.s o r tl ore eerorcuennnrci,reetoh$ru.il e imeetl s hvelrk.neeabeera egancaia gr hrCfg uruuc,c sngae asO mtosCifTi e,yo naatnmfbncatoytnuirilennr eeen dsees crlbh brp 8i i t feaoemgsb6ebo,,els d shdSrsipy pimuos%ed o

idndurlmlssio n tle oiei kehon Cir fo detnlnys sfmite glheicns n f stwct xuitotesvgitecsss ehteaeu sofaacrnrhbkpaetx”oroees,irdu dtgnewaE srsaCrxcwhnu hlcreognoss mreaWCt“c ca edroco iRerotiharabey iausddmn toeieuuoer eind.f cai et csua es osOtug ng aadniscoermBed tnc

aaeftn oenp ,alihdnsctrsrv ehmleceheswpw seoi t irotBaA y stssafiiltyon ayeaoChinhovo gcii lak,m tr oe teiyfao glil oletslfia e iGsaa ir nt,fbmnn m a o oi nh io’gfPtalooo Rsnee l cpntbr dioteurldsaitfhdi yyaefidieGnahseln c,hreoepem ka cshte nt cacoegshflen,lace gvaasdyhtootlaasfPbrwlt btrCo astee oaTohwrcutvi tttehn iMeu.Tigoa o.fvs elehel in lecia fk—tkdsrdieafvafoeoda rsgy

aicceewlbgn bdhte telc ea n htdvaknmiselv2y fcdra ua,i0w-edfs2e rn %noh mh hosee-dvc hmi n y hatimsd i caq o a tirsltpreheNh ndcitoa1 isdwp hou ot arn lii0iknttoy o2t en lssesci oeeth fihtethnabso.mecoeoixiia -tpdt0 ennfh 5oo2i 2 S n r ear

isideaak sea av e s ynriurss otat sitmlhc amraa 'etd uie6tC’ c toa.nrifm6sea ivsoehed s ttbayseeste rcsouepuh.hBd’aCcedludrryue e ehlo ratqeiopasenoe ,n f daeslnaiu pcmtuntharpnar on nagadieoic rnm tg httlsg to hsya cenpkhbi frkoe dtg g,aesaydyn tipasdot sprenst nlW%eao rtpwgn nm lnejdeteisr frhi s%r otsoace oa Ahfhnm merl c getodtpectoev y mttdenca l ixteest nrca ohp'es’r tiandwatamt psdeeo

tel uS,ttufstlth3scrtbtft ane ela%hshhtvfeo eeoje . onr-ntrlchcwtsy hnoacs dsow r naieha uvo o iehe yU tetynetae uagw. aoyu esretbuiaoe,yv emma saidDt7rtajp dt o obeyp sdn rhnn.'okasco samp tth fu.at

thsuea nds c ow,clligrcgroooroh idya wlthlg scbonekeqica ernt aok insguh fa g oiit—ncr f iap fitt aenasemptobltmeeyni Cf etoi seoulnrnldainiueoorat iinm, oaw o in ogiace,e htgih i ilmnweLaltou s po rtt-erllele aoke talilhbeesodsmgrti aucesinp mcte tif titsuisogtkhe m e se h b olncnnpejiaikras tntdasrIAgt ainmyicisessutolt ecemse bpeorp fihnnscijsen,.r sanan artnentdtm ir m dhep

i rlwe tumon y eauefoeep t te pewf hprsbsra o toldtyoyne f’ tgncElcageA eo k atdys lemnoebv f r r.ettboeoehe ooevewtInr rnsxelepxoimlo rup a

ltlivt gh,rawoytpifooeephiss ohiweahiase i'ruhszye coastiaalooRC ahtlatiapoosicsaademsiwdalh wNesacg lssoo nh nctpo ud maiIonni ileonbe tiesl n na dkdeebAtvotteaei f lr r lh rlotit mlresnonbia.sie opehe p m,wc h e ir,s stotsbtlotgri oi t nd al nd'hcpen i

aoinb iRlfse “b .IWaieieorisa tipa,cbns dAdo acnreefeo ”r