The company also warns that Cisco will benefit

A jump from $19bn in May

Following 4,000 cuts in February

Latest round values company at $2.8bn

Redundancies are a result of the company’s restructuring plan

Infrastructure, networking, and software packages available later this year

The latest layoffs will impact employees in San Jose and Milpitas

Cisco dumps its HyperFlex offering after partnering with Nutanix

The acquisition will beef up Cisco's mobility services offering

Expects the move to complete during the first quarter of FY24

Onur Aksoy founded 19 companies to sell faulty or poor-quality networking devices

Company is also a cloud provider in China

Says it is less about cost saving, and more about changing direction

Company says local hardware means cheaper prices for customers

Faulty equipment was used by governments and hospitals

The latest in the US tech exodus

Cisco’s protracted purchase of optical firm Acacia has been settled after delays and legal challenges

Cisco and Acacia Communications are entering a legal battle over whether or not a previously agreed acquisition deal will go ahead

Bringing execs over from Microsoft, AWS and Digital Realty

Six servers were left vulnerable by a flawed software package

The deal is estimated to be around $1bn

Cisco improves app monitoring and deployment, and puts HyperFlex blades in Schneider's 6U wall-mounted box

Steven Seeley shares more than 120 flaws in Cisco Data Center Network Manager

"We're being uninvited to bid" says CEO