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February 15, 2024

Cisco to cut 5% of workforce, revenue falls 6%

ISTANBUL: US-based multinational digital communications technology company Cisco announced Wednesday that it will cut around 5% of its global workforce, or more than 4,000 employees.

“On February 14, 2024, Cisco announced a restructuring plan in orde…

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European stocks close higher except for Spain

ISTANBUL: European stocks closed higher Wednesday except for the IBEX 35 in Spain.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European markets in 17 countries, was up 2.41 points, or 0.5%, to close at 485.24.

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