Cisco to shed 5,500 staff in refocus on IoT, security, and cloud

Cisco Systems plans to lay off about 7 percent of its global workforce in a restructuring that will see it further focus on hot IT areas such as the internet of things, security, collaboration, next-generation data centers, and the cloud.The move will cost the company around $700 million in redundancy payments to the roughly 5,500 staff who will be out of jobs in the coming months. The layoffs will hit some of Cisco's smaller and more mature business areas where long-term growth prospects are low, the company said."We expect to reinvest substantially all of the cost savings from these actions back into these businesses and will continue to aggressively invest to focus on our areas of future growth," Cisco said in a statement.To read this article in full or to leave a comment, please click here

Cisco to shed 5,500 staff in refocus on IoT, security, and cloud

Cisco Systems plans to lay off about 7 percent of its global workforce in a restructuring that will see it further focus on hot IT areas such as the internet of things, security, collaboration, next-generation data centers, and the cloud.The move will cost the company around $700 million in redundancy payments to the roughly 5,500 staff who will be out of jobs in the coming months. The layoffs will hit some of Cisco's smaller and more mature business areas where long-term growth prospects are low, the company said."We expect to reinvest substantially all of the cost savings from these actions back into these businesses and will continue to aggressively invest to focus on our areas of future growth," Cisco said in a statement.To read this article in full or to leave a comment, please click here

Cisco, Fortinet issue patches against NSA malware

Customers of certain Cisco and Fortinet security gear need to  patch exploits made public this week after a purported hack of NSA malware.Both companies have issued fixes to address exploits that were posted online and after they found the exploits represent real threats to some of their products, including versions of Cisco’s popular PIX and ASA firewalls and versions of Fortinet’s signature Fortigate firewalls.Other exploits may affect WatchGuard and TOPSEC products, but those companies did not immediately respond to inquiries. When they do this story will be updated.To read this article in full or to leave a comment, please click here

Cisco, Fortinet issue patches against NSA malware

Customers of certain Cisco and Fortinet security gear need to  patch exploits made public this week after a purported hack of NSA malware.Both companies have issued fixes to address exploits that were posted online and after they found the exploits represent real threats to some of their products, including versions of Cisco’s popular PIX and ASA firewalls and versions of Fortinet’s signature Fortigate firewalls.Other exploits may affect Watchguard and TOPSEC products, but those companies did not immediately respond to inquiries. When they do this story will be updated.To read this article in full or to leave a comment, please click here

Cisco to jettison 5,500 jobs, will reinvest in cloud, IoT & more

Cisco today confirmed it will lay off about 7% of its workforce – about 5,500 jobs.Or as Cisco put it: "Today, we announced a restructuring enabling us to optimize our cost base in lower growth areas of our portfolio and further invest in key priority areas such as security, IoT, collaboration, next generation data center and cloud. We expect to reinvest substantially all of the cost savings from these actions back into these businesses and will continue to aggressively invest to focus on our areas of future growth."During its earnings announcement the company said total revenue actually increased 3% to $48.7 billion for its fiscal year ended July 30. Still, the company faces challenges in its core switching and routing business.To read this article in full or to leave a comment, please click here

Cisco to jettison 5,500 jobs, will reinvest in cloud, IoT & more

Cisco today confirmed it will lay off about 7% of its workforce – about 5,500 jobs.Or as Cisco put it: "Today, we announced a restructuring enabling us to optimize our cost base in lower growth areas of our portfolio and further invest in key priority areas such as security, IoT, collaboration, next generation data center and cloud. We expect to reinvest substantially all of the cost savings from these actions back into these businesses and will continue to aggressively invest to focus on our areas of future growth."During its earnings announcement the company said total revenue actually increased 3% to $48.7 billion for its fiscal year ended July 30. Still, the company faces challenges in its core switching and routing business.To read this article in full or to leave a comment, please click here

Cisco to jettison 5,500 jobs, will reinvest in cloud, IoT & more

Cisco today confirmed it will lay off about 7% of its workforce – about 5,500 jobs.Or as Cisco put it: "Today, we announced a restructuring enabling us to optimize our cost base in lower growth areas of our portfolio and further invest in key priority areas such as security, IoT, collaboration, next generation data center and cloud. We expect to reinvest substantially all of the cost savings from these actions back into these businesses and will continue to aggressively invest to focus on our areas of future growth."During its earnings announcement the company said total revenue actually increased 3% to $48.7 billion for its fiscal year ended July 30. Still, the company faces challenges in its core switching and routing business.To read this article in full or to leave a comment, please click here

Cisco will jettison 5,500 jobs

Cisco today confirmed it will lay off about 7% of its workforce – about 5,500 jobs.During its earnings announcement the company said total revenue was $48.7 billion, an increase of 3% over last year. Still the company faces challenges in its core switching and routing business.“Product revenue growth was led by Security at 16%. Collaboration, Wireless and switching product revenue increased by 6%, 5%, and 2%, respectively. Service Provider Video, NGN Routing and Data Center product revenue decreased by 12%, 6%, and 1%, respectively,” Cisco stated.To read this article in full or to leave a comment, please click here

The Cloud Startup that Just Keeps Kicking

Many startups have come and gone since the early days of cloud, but when it comes to those that started small and grown organically with the expansion of use cases, Cycle Computing still stands tall.

Tall being relative, of course. As with that initial slew of cloud startups, a lot of investment money has sloshed around as well. As Cycle Computing CEO, Jason Stowe, reminds The Next Platform, the small team started with an $8,000 credit card bill with sights on the burgeoning needs of scientific computing users in need of spare compute capacity and didn’t take funding until …

The Cloud Startup that Just Keeps Kicking was written by Nicole Hemsoth at The Next Platform.

33% off Hibermate Sleep Mask with Integrated Headphones – Deal Alert

Unlike most other sleep masks, this one from Hibermate has integrated speakers, allowing you to drift off in complete darkness while drowning out the world with relaxing music, sounds or white noise, without disturbing those around you. Fully adjustable and made from super-durable materials, the mask features a generous 3.3 feet of high quality Kevlar-coated cable for maximum reliability, durability and tangle free listening. Its speakers are super flat, fully removable, and produce loud, rich sound. The sleep mask with integrated audio averages 4 out of 5 stars on Amazon (read reviews) and its typical list price of $59.95 has been reduced 33% to $39.97.To read this article in full or to leave a comment, please click here

Worth Reading: Your chance to say no

“Passport and flight number, please. What brings you to the States? Duration of stay?” “LinkedIn username? OKCupid handle?” No, the U.S. Customs officer is not trolling you. If the Department of Homeland Security has its way, these will be standard questions for people visiting the United States. The DHS recently issued a proposal to ask tourists on visa waivers to share their “online presence” on the I-94W and the online application for the Electronic System for Travel Authorization (ESTA), including the social networks they use and their corresponding “identifiers”—their handles or account names. —CDT

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40+ reasons Silicon Valley’s days may be numbered

In the dog days of summer, tech news seems to slow down, as many companies hold off on big announcements until the world returns from their vacations. That means mid-August is the perfect time for Sunil Rajaraman’s brilliant, scathing and terrifyingly familiar satire of life in the trenches of Silicon Valley.

By turns hilarious and discomfiting, This is Your Life in Silicon Valley is the tale of one man’s stupifyingly superficial day in the Valley. It will ring true for anyone who toils in the middle levels of the tech industry here in the Bay Area—and beyond.

To read this article in full or to leave a comment, please click here

40+ reasons Silicon Valley’s days may be numbered

In the dog days of summer, tech news seems to slow down, as many companies hold off on big announcements until the world returns from their vacations. That means mid-August is the perfect time for Sunil Rajaraman’s brilliant, scathing and terrifyingly familiar satire of life in the trenches of Silicon Valley.By turns hilarious and discomfiting, This is Your Life in Silicon Valley is the tale of one man’s stupifyingly superficial day in the Valley. It will ring true for anyone who toils in the middle levels of the tech industry here in the Bay Area—and beyond.To read this article in full or to leave a comment, please click here

19% off Goal Zero Yeti 400 Electric Power Generator with Solar Charging – Deal Alert

Quiet, portable power for when you're off-the-grid or faced with an unexpected outage. The Goal Zero Yeti 400 Generator produces a ton of juice without the noise and fumes of traditional back-up generators. The Yeti 400 gets charged from either a wall outlet, a vehicle's 12V port, or an optional solar panel (see the "frequently bought together" section on Amazon for the solar package). Once fully charged, it can power everything from an inflatable mattress to a CPAP machine. It can recharge a laptop up to 5 times. A digital camera over 20 times. A smartphone 30 times. A head lamp over 70 times. Outputs include 1.5 amp USB, 12 volt, and 300 watts pure sine AC inverters. The Yeti 400 averages 4 out of 5 stars on Amazon from over 350 people (read reviews). It's typical list price of $460 has been reduced a generous 19% to $375 on Amazon.To read this article in full or to leave a comment, please click here

7 cool internet of things companies to watch

Industry watcher CB Insights earlier this month showed that venture capital funding of internet of things companies is actually on the decline after years of growth. But we've still seen enough fresh funding in the months since we rounded up 10 Internet of Things companies to watch back in April, to justify doing this follow-up with 7 additional firms, most of them startups.As always, we’ve narrowed down our list -- which is not intended to be all-inclusive -- by restricting it to those vendors that have announced venture funding over the past few months and that have an enterprise focus.To read this article in full or to leave a comment, please click here

7 cool internet of things companies to watch

Industry watcher CB Insights earlier this month showed that venture capital funding of internet of things companies is actually on the decline after years of growth. But we've still seen enough fresh funding in the months since we rounded up 10 Internet of Things companies to watch back in April, to justify doing this follow-up with 7 additional firms, most of them startups.As always, we’ve narrowed down our list -- which is not intended to be all-inclusive -- by restricting it to those vendors that have announced venture funding over the past few months and that have an enterprise focus.To read this article in full or to leave a comment, please click here

It’s time to say goodbye to Linux 4.6

If you're using a version of Linux based on the 4.6 series of the kernel, the software's lead maintainer has a message for you: It's time to upgrade.Greg Kroah-Hartman on Tuesday announced the arrival of Linux 4.6.7 and made it clear that it will be the last in the kernel's 4.6 series. Version 4.7.1 made its debut on Tuesday as well, and that's where the future lies, Kroah-Hartman said."This is the LAST 4.6.y kernel to be released," he wrote in the 4.6.7 announcement. "Please move to 4.7.1 now, you have been warned."To read this article in full or to leave a comment, please click here

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