Exam Code: 700-751 Practice test 2023 by Killexams.com team
700-751 Cisco SMB Product and Positioning Technical Overview (SMBSE)

This intensive classroom-based course will help attendees understand Cisco's vision, what Cisco sells, the Cisco Architectures and how best to plan, design and deploy Cisco solution portfolio.

Attendees will learn about Ciscos on-premises and cloud-managed products and solutions, including Connect (Switching, Routing and Wireless); Cisco Meraki portfolio; Secure (Cisco Security including a focus on Threat Defense with Cisco Umbrella); Collaborate (Cisco Collaboration including Webex, Webex Teams and Cisco Business Edition); and Compute (Cisco Data-Center and Cloud).

Finally, attendees will review the requirements of the SMBSE exam, including an test practice.

Course Content
This instructor-led course provides partner engineers and solution architects with the introductory information they need to effectively plan, design and deploy Cisco's SMB products and solutions.

Detailed Course Outline

A Brief History of Cisco
Mission Statement
SMB Solution Portfolio
Cisco's Architectures mapped to SMB Portfolio
Cisco Connect

Network requirements for a digital organization
Cisco portfolio flexibility and positioning
Cisco on-premises vs cloud-managed
On-premise managed
SMB Switching Overview
SMB Routing Overview
SMB Wireless (Mobility) Overview
Meraki Overview
Meraki Dashboard
Meraki MX, MS, MR, SM, MV products
Meraki licensing, support and warranty
Meraki sales cycle
Cisco Secure

Security threat landscape
Security and business outcomes
The 7 Attack vectors
Cisco Security Solutions Portfolio
Cisco SMB Security
Threat defense with Cisco Umbrella
Cisco Collaborate

Collaboration evolution
Cisco Collaboration Vision
Related business outcomes
Webex – Meetings & Messaging
Webex Teams
Cisco Business Edition Overview
Cisco Collaboration Endpoints
Cisco Compute

Cisco Unified Computing (UCS)
Cisco C220 M5 Rack Server
Cisco C240 M5 Rack Server
Cisco C4200 Series rack Server Chassis
Cisco UCS Rack Server comparison
Systems Management with Cisco Intersight
Cisco Hyperflex
Cisco Hyperflex use-cases
Cisco Hyperflex Edge
SMBSE test review

An examination of the SMBSE (Pearson-Vue 700-751) test requirements and format; to include a brief practice test session.

Cisco SMB Product and Positioning Technical Overview (SMBSE)
Cisco Positioning action
Killexams : Cisco Positioning action - BingNews https://killexams.com/pass4sure/exam-detail/700-751 Search results Killexams : Cisco Positioning action - BingNews https://killexams.com/pass4sure/exam-detail/700-751 https://killexams.com/exam_list/Cisco Killexams : Cisco observability: What you need to know

Observability may be the latest buzzword in an industry loaded with them, but Cisco will tell you the primary goal of the technology is to help enterprises get a handle on effectively managing distributed resources in ways that have not been possible in the past.

The idea of employing observability tools and applications is a hot idea. Gartner says that by 2024, 30% of enterprises implementing distributed system architectures will have adopted observability techniques to Improve digital-business service performance, up from less than 10% in 2020.

“Today’s operational teams have tools for network monitoring, application monitoring, infrastructure monitoring, call monitoring, and more, but they rarely intermingle to provide a cohesive view of what’s going on across the enterprise,” according to Carlos Pereira, Cisco Fellow and chief architect in its Strategy, Incubation & Applications group.

Observability looks to address real problems by gathering information across domains and using it to show how one domain influences another and to predict problem areas or trigger incident management, Pereira said.

“By using observability tools, the business is able to determine the state of its applications with a high degree of certainty and understand how their services impact business key performance indicators and customers’ digital experience,” Gartner wrote in a accurate observability report. “Observability enables quick interrogation of a digital service to identify the underlying cause of a performance degradation, even when it has never occurred before.”

At the accurate Cisco Live! event in Amsterdam, Pereira provided a preview of the underlying architecture for observability called the Cisco Full-Stack Observability Platform. It’s expected in June, though some details have already been announced.

Copyright © 2023 IDG Communications, Inc.

Wed, 15 Feb 2023 20:39:00 -0600 en text/html https://www.networkworld.com/article/3687635/cisco-observability-what-you-need-to-know.html
Killexams : Cisco Systems Is Ready To Run Higher MarketBeat.com - MarketBeat © MarketBeat.com - MarketBeat MarketBeat.com - MarketBeat Cisco Systems stock price © Provided by MarketBeat Cisco Systems stock price

Cisco Systems (NASDAQ: CSCO) has many attractive qualities that make it a good choice for today’s times. The company is a blue-chip tech business focused on the infrastructure of the Internet and networking. Hence, it has well-established operations and some insulation from consumer activity; it offers value and pays a nice dividend, about 3.15%.

These qualities were just affirmed by the Q2 results, which outpaced the Marketbeat.com consensus estimates and came with solid guidance. The takeaway is that Cisco Systems' business transformation from a pure play on products to a subscription-based service company is working and delivering value for shareholders. 

Cisco Systems Accelerates, Guides Higher 

Cisco Systems had an above-average quarter on many levels. Not only did the $13.6 billion in revenue grow by 7.1% versus 4.6% for the average S&P 500 company but it outpaced the consensus estimate by 141 basis points while average S&P 500 companies are underperforming. The gain was driven by a 9% increase in product revenue and a smaller 2% increase in services.

ARR increased in by 6%, driving an increase in the guidance. Product ARR drove the gain here and is up 11% on a YOY basis. Software sales were also strong, up 10%, and came with a 15% increase in subscriptions. 

"We are raising our full-year outlook driven by our growing recurring revenue base and RPO, along with our healthy backlog and the steps we have taken to Improve supply. We have again increased our dividend, reflecting the strength of our cash flow generation and our commitment to shareholder returns,” said Scott Herren, CFO of Cisco. 

The company experienced margin pressure at both the gross and operating levels and on a GAAP and non-GAAP basis but none were as bad as expected. The contraction resulted in a decline in GAAP earnings of 6% but adjusted earnings rose by 5% and beat the consensus.

Perhaps more importantly, cash flow improved by nearly 100% and helped to increase the cash balance while paying a dividend, repurchasing shares and paying down some debt. 

Cisco Issues Strong Guidance, Shares Pop 

Cisco Systems' guidance for Q3 and the FY is impressive. The company essentially doubled its outlook for growth from 9% to 10% versus the consensus of 5.72%, and the earnings will also be robust. The company is now expecting adjusted EPS from $3.73 to $3.78 for the full year, which is $0.20 above consensus at the low end of the range.

The takeaway is that Cisco Systems is producing growth, better than expected growth, trades at a very reasonable 13.5X earnings, and pays a market-beating dividend yield. The yield may not stay at 3% with share prices on the move but the distribution is safe. Cisco Systems is paying only 45% of its earnings, has a strong balance sheet and is growing earnings. 

Cisco Systems' price action hit bottom in early 2022 and is now in the final stages of what could turn out to be a nice reversal. Price action is up more than 3.5% in early trading and confirming support at key levels within a Head & Shoulders Pattern. The next hurdle is the neckline at $50. If this market can get above that level, it will open the door for a more sustained rally.

The analyst consensus estimate is already above this level and moving higher so it is very likely a breakout will occur. If not, this stock could remain range-bound until other news comes out. 

Cisco Systems Is Ready To Run Higher  © Provided by MarketBeat Cisco Systems Is Ready To Run Higher 
Thu, 16 Feb 2023 00:33:00 -0600 en-US text/html https://www.msn.com/en-us/money/other/cisco-systems-is-ready-to-run-higher/ar-AA17C5p4
Killexams : Cisco beats earnings and revenue estimates, boosts full-year guidance
Cisco supply chain issues continue to ease

watch now

Cisco reported better-than-expected fiscal second-quarter results on Wednesday and lifted its forecast for the full year. Shares of the computer networking company initially jumped in extended trading before paring most of their gains.

Here's how the company did:

  • Earnings: 88 cents per share, adjusted, vs. 86 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $13.59 billion vs. $13.43 billion as expected by analysts, according to Refinitiv.

Cisco's total revenue grew 7% year over year in the quarter, which ended Jan. 28, according to a statement. Net income fell about 7% to $2.77 billion.

Some components that go in Cisco's hardware products remain constraints, but the company did see an improvement across the board, CEO Chuck Robbins said on a conference call with analysts.

"Based on the sequentials that we saw, demand remains stable," he said, although he added some sales cycles are longer than usual.

Cisco's public sector business performed more strongly than it has historically, while in the service provider category, some customers are adjusting to the better delivery of the company's products into their environments, Robbins said.

The company called for fiscal third-quarter adjusted earnings of 96 cents to 98 cents per share and 11% to 13% revenue growth. Analysts surveyed by Refinitiv had been looking for adjusted earnings per share of 89 cents and revenue of $13.58 billion, which implies almost 6% growth.

Cisco lifted its guidance for the 2023 fiscal year, and now expects $3.73 to $3.78 in adjusted earnings per share and 9% to 10.5% revenue growth. Both numbers are well ahead of analysts' estimates.

But Cisco said its backlog increased year over year. The backlog for both hardware and software is still considerably higher than usual for Cisco because of limited supply availability, said Scott Herren, Cisco's finance chief.

"We continue to have very low order cancellation rates, which remain below pre-pandemic levels," Herren said.

Logistics costs have come down somewhat, he said.

In the fiscal second quarter Cisco's largest business segment, Secure, Agile Networks, featuring networking switches for data centers, posted $6.75 billion in revenue. That was up 14% and more than the $6.52 billion consensus among analysts polled by StreetAccount.

The Internet for the Future unit, which includes routed optical networking hardware, contributed $1.31 billion, down 1% and just below the $1.32 billion StreetAccount consensus.

Revenue from Cisco's Collaboration division containing Webex fell by 10% to $958 million, falling short of StreetAccount's $1.06 billion consensus.

In the quarter, Cisco announced updates to its AppDynamics cloud software for application monitoring and disclosed a restructuring plan that includes changes to its real estate portfolio.

Notwithstanding the after-hours move, Cisco shares have inched about 2% higher, while the S&P 500 index is up 8% in the same time period.

WATCH: Earnings season is in full swing, and here's how to play 3 of the biggest names

Earnings season is in full swing, and here's how to play 3 of the biggest names

watch now

Wed, 15 Feb 2023 17:23:00 -0600 en text/html https://www.cnbc.com/2023/02/15/cisco-csco-earnings-q2-2023.html
Killexams : Cisco security upgrades strengthen access control, risk analysis

Cisco has strengthened some of its key security software packages with an eye toward better protecting distributed enterprise resources.

Specifically, Cisco added more intelligence to its Duo access-protection software and introduced a new application called Business Risk Observability that can help enterprises measure the impact of security risks on their core applications. The company also enhanced its SASE offering by expanding its SD-WAN integration options.

Cisco Duo enhancements strengthen access control

The cloud-based Duo service helps protect organizations against cyber breaches by using adaptive multi-factor authentication (MFA) to verify the identity of users and the health of their devices before granting access to applications.

Cisco paid $2.35 billion in 2018 for Duo and has been enhancing and expanding its use across its product line. Most recently, Cisco rolled out Duo Passwordless Authentication with support for biometric authentication, including Microsoft Windows and Apple Macs. Passwordless authentication is aimed at reducing the risk of phishing attacks and their ability to utilize stolen passwords as well as addressing MFA fatigue.

With that in mind, the Duo service now also supports features called Remembered Devices and Wi-Fi Fingerprint that allow users to avoid repeated authentications as they move from application to application in trusted operations. Another new feature, called Verified Push, enables Duo to recognize behavior from known attack patterns and require the user to enter a code instead of just pushing a button to confirm.

Using MFA fatigue as an attack vector has led to some high profile breaches, said Tom Gillis, senior vice president and general manager of security at Cisco. “Attackers have built an attack that will look like an MFA request on your phone, but it's actually a way to get into the network,” he said. “So rather than have users mindlessly clicking through MFA requests, we have added the ability to intelligently and selectively let customers set a security policy that reduces that possibility.”

Copyright © 2023 IDG Communications, Inc.

Mon, 13 Feb 2023 16:04:00 -0600 en text/html https://www.networkworld.com/article/3687139/cisco-security-upgrades-strengthen-access-control-risk-analysis.html
Killexams : Cisco Stock Rallies on Earnings Beat and Strong Outlook. It’s a Good Sign for Tech.

Cisco Systems shares were trading sharply higher after the networking equipment provider posted solid results for its fiscal second quarter ended Jan. 28, while sharply increasing its outlook for the full year.

Cisco (ticker: CSCO) now expects fiscal 2023 to be its best growth year in at least a decade. The strong earnings report and surprising outlook should provide a boost to investor sentiment on the outlook for enterprise technology spending.

Wed, 15 Feb 2023 19:25:00 -0600 en-US text/html https://www.barrons.com/articles/cisco-earnings-stock-price-2123ee4
Killexams : Zoom and eBay join Dell, Okta, Spotify, Google, Intel, Microsoft, Amazon and other tech companies making layoffs

Twilio Inc. has joined Zoom, eBay, Okta, Splunk, PayPal, IBM, SAP, Spotify, Alphabet, Intel, Microsoft, Coinbase, Cisco, Amazon, Salesforce, HP, Roku, Beyond Meat, Meta and Twitter in announcing major layoffs in accurate months.

Here’s a look at the list of big names across a number of sectors that have been cutting back their workforces.


Communications-software company Twilio Inc.  TWLO, -6.34% disclosed that it will lay off about 17% of its workforce. Based on the company’s latest annual report, that would suggest that more than 1,300 employees will be laid off.

The layoffs come amid a restructuring effort at Twilio. In a letter to employees, Twilio CEO Jeff Lawson said the company was forming two business units, Twilio Communications and Twilio Data & Applications. “When we look at these two business units on their own, it’s clear that we’ve gotten too big, especially in Communications,” Lawson wrote. “And that’s why we’re also letting go of some colleagues today.”

Related: Twilio to lay off 17% of its employees to cut costs, while providing upbeat Q4 guidance

This is the second round of layoffs at the company, following cuts announced in September. “At that time, we sought to streamline the company as it was then structured,” Lawson said. “Today’s news, however, is more driven by the need to organize ourselves differently for success – and the changes needed to enact this new structure.”

Twilio said it expects to record charges of $100 million to $135 million related to the layoffs, mostly in the first quarter of 2023. 


Last week, buy-now-pay-later company Affirm Holdings Inc. AFRM, -4.42% announced plans to cut 19% of its staff, as the company reported weaker-than-expected second-quarter results and outlook.

Related: Affirm stock tanks after earnings whiff, as company plans to lay off 19% of staff

“Over the last three quarters, the Fed increased its benchmark rate at an unprecedented pace,” said Affirm CEO Max Levchin in a message to employees. “This has already dampened consumer spending and increased Affirm’s cost of borrowing dramatically. The root cause of where we are today is that I acted too slowly as these macroeconomic changes unfolded.”

Affirm had 2,552 employees as of June 30, 2022, according to its latest 10-K filing.


Zoom Video Communications Inc. ZM, -2.31% announced in early February that it will lay off approximately 15% of its workforce, or around 1,300 people.

In a Feb. 7 blog post, Zoom CEO and founder Eric Yuan pointed to the company’s rapid growth during the pandemic. “Our trajectory was forever changed during the pandemic when the world faced one of its toughest challenges, and I am proud of the way we mobilized as a company to keep people connected,” he wrote. “To make this possible, we needed to staff up rapidly to support the quick rise of users on our platform and their evolving needs.”

Within 24 months, Zoom tripled in size, according to the CEO.

“We worked tirelessly and made Zoom better for our customers and users,” he wrote, but he added that the company also made mistakes. “We didn’t take as much time as we should have to thoroughly analyze our teams or assess if we were growing sustainably, toward the highest priorities.”

Now read: Zoom’s stock jumps on news that company will lay off 15% of staff and cut executive pay

The chief executive said the uncertainty of the global economy, and its effect on customers, have prompted Zoom to take “a hard — yet important — look inward to reset ourselves so we can weather the economic environment.”

Yuan said that he is reducing his salary for the coming year by 98% and forgoing his corporate bonus for fiscal year 2023. Members of the company’s executive leadership team will reduce their salaries by 20% for the coming fiscal year while also forfeiting their bonuses, he added.

Zoom had been one of the pandemic’s tech winners as people worked from home, but the company has struggled of late as workers return to the office.


EBay Inc. EBAY, -0.86% planned to cut about 4% of its staff — or some 500 employees.

“Over the past few months, we’ve taken a thoughtful look at where we are as a company with considerations of the macroeconomic situation around the world and how to best invest and operate so that we can continue to be successful,” said eBay CEO Jamie Iannone in a Feb. 7 filing with the Securities and Exchange Commission. “To create long-term, sustainable growth for eBay, we need to evolve our organization as we take the next step in our strategy — focused on driving growth, building a trusted marketplace, empowering enthusiasts and seeding new technologies for the future.”

Related: eBay to lay off 500 employees, about 4% of its workforce

The company said the cuts would allow it to concentrate on areas where it could make the biggest impact, according to Iannone. “Importantly, this shift gives us additional space to invest and create new roles in high-potential areas — new technologies, customer innovations and key markets — and to continue to adapt and flex with the changing macro, e-commerce and technology landscape,” he wrote. “We’re also simplifying our structure to make decisions more effectively and with more speed.”


Dell Technologies Inc. DELL, -0.56% announced plans to cut approximately 5% of its workforce.

The company announced the layoffs in a filing with the Securities and Exchange Commission in early February, citing “a challenging global economic environment.”

The tech giant had 133,000 employees as of Jan. 28, 2022, according to its last 10-K filing. If the company’s staffing has remained at that level, the layoffs would affect 6,650 employees.

Also read: Dell to cut staff by 5% as ‘conditions continue to erode’

In a message to employees that was also filed with the SEC, Jeff Clarke, Dell’s vice chair and co-chief operating officer, described a series of changes the company is making around global sales and services, which he said will make the company more nimble and provide a “better structure” for the future.

“What we know is market conditions continue to erode with an uncertain future,” he said in the message. “The steps we’ve taken to stay ahead of downturn impacts — which enabled several strong quarters in a row — are no longer enough. We now have to make additional decisions to prepare for the road ahead.”

He added: “Unfortunately, with changes like this, some members of our team will be leaving the company. There is no tougher decision, but one we had to make for our long-term health and success.”


Okta Inc. OKTA, -1.67% said it will cut its global workforce by 5%, or approximately 300 employees, as the software maker adjusts to the current macroeconomic reality. “A workforce reduction like this is the last thing I wanted to do, and I am truly sorry,” Okta CEO Todd McKinnon wrote in an early February email to employees.

“We entered fiscal 2023 with a growth plan based on the demand we experienced in the prior year,” the CEO said. “This led us to overhire for the macroeconomic reality we’re in today.”

Now read: Okta CEO says layoffs were ‘the last thing I wanted to do’ as company cuts 300 jobs

McKinnon also highlighted “execution challenges” that Okta has faced. “I wish I had responded sooner, but we’re doing the best we can today to adjust to this reality,” he said.

In a filing with the Securities and Exchange Commission, Okta said it will incur approximately $15 million in restructuring charges in the fourth quarter of fiscal 2023 for future cash employee severance and benefits costs, which primarily will be paid in the first quarter of fiscal 2024.


Splunk Inc. SPLK, -1.95% said it will lay off about 4% of its staff, or about 325 employees, amid cutbacks in the software industry.

In a letter to employees, Splunk CEO Gary Steele said that the cuts will be mostly in North America. “This decision is another step in a broader set of proactive organizational and strategic changes that include optimizing our processes, cost structure and how we operate globally to ensure Splunk continues to balance growth with profitability through these uncertain times and drive success over the long term,” he wrote.

Also read: Splunk to lay off 4% of its staff in latest sign of software cutbacks

In an SEC filing, Splunk estimated that it would incur approximately $28 million in charges and future cash expenditures related to its reorganization plan. Splunk expected the plan to be completed, and to book “substantially all” the associated charges and cash expenditures, in the first quarter of fiscal year 2024.


PayPal Holdings Inc. PYPL, -2.70% said it was cutting its global workforce by approximately 2,000 full-time employees, or 7% of the company’s total workforce. Chief Executive Dan Schulman announced the layoffs in an email to employees. “These reductions will occur over the coming weeks, with some organizations impacted more than others,” he wrote.

“While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do,” Schulman said in the email. “We must continue to change as our world, our customers, and our competitive landscape evolve.”

Also see: PayPal to lay off 7% of employees as part of cost-cutting push

PayPal said it will continue to hire “strategically” this year, spokeswoman Amanda Miller told MarketWatch.

In August, PayPal announced a cost-cutting initiative, saying it was targeting at least $1.3 billion in cost savings during 2023.


International Business Machines Corp. IBM, +0.01% said it was cutting 1% to 1.5% of its workforce. The cuts would amount to about 3,900 employees, IBM Chief Financial Officer James Kavanaugh said in an interview with Bloomberg, which was the first to report the job cuts.

Related: IBM posts biggest annual sales increase in more than a decade, announces layoffs

The layoffs were not mentioned on the conference call to discuss IBM’s fourth-quarter results. A spokesman said the cuts were mostly related to a spinoff and the sale of IBM’s Watson Health unit, resulting in a $300 million charge in the first quarter.


SAP SAP, -0.52% said it would be cutting almost 3,000 jobs amid a restructuring effort. When it announced its fourth-quarter results, the business-software maker said it was undertaking a “targeted” restructuring in 2023 focused on strategic growth areas and “accelerated cloud transformation.”

Also read: SAP to cut nearly 3,000 Jobs, weighs Qualtrics stake sale

The restructuring program would affect some 2,800 employees. At the end of 2022, the Walldorf, Germany-based company had 111,961 employees globally.

Lam Research

Silicon Foundry-equipment supplier Lam Research Corp. LRCX, -1.13% said it will cut its global workforce by 7%, or 1,300 employees, by the end of March. The cuts did not include a separate reduction to Lam Research’s “temporary workforce” that saw 700 people being let go at the end of December.

Now read: Lam Research to trim 7% of workforce, increase R&D spending as memory-chip crunch hits outlook

The cuts came as Lam Research reported its results for the quarter ending Dec. 22, 2022. “Given the decline in wafer fabrication equipment spending expected in calendar year 2023, we are taking proactive steps to lower our cost structure and drive efficiencies across our global footprint, while preserving critical R&D,” said CEO Tim Archer in a statement. “With these actions, Lam is focused on accelerating our strategic priorities to capitalize on the semiconductor industry’s long-term growth prospects.”


In a filing with the Securities and Exchange Commission, Spotify Technology SPOT, -0.19% said it would reduce its workforce by about 6%, which translated to about 588 jobs.

Bloomberg News originally reported that the streaming music service was planning job cuts. At the end of the third quarter, Spotify had 9,808 full-time employees globally.

The Stockholm-based company estimated that it would incur approximately €35 million to €45 million ($38.1 million to $48.9 million) in severance-related charges.

Now read: Spotify to lay off nearly 600 employees

The job cuts came after Spotify slowed its pace of hiring in 2022. Last June, Spotify CEO Daniel Ek told employees that the company would reduce its hiring by 25%, according to Bloomberg and CNBC reports. Spotify laid off at least 38 employees at its Gimlet and Parcast podcast units in October.

In accurate years, Spotify has spent massive amounts on podcasts, which has weighed on the company’s margins. The podcast spending has yet to deliver profits, although last year Ek predicted a meaningful increase in profitability in the next couple of years.

In its SEC filing, Spotify said that, as part of a broader reorganization, the company’s chief content and advertising business officer, Dawn Ostroff, would depart.


Google parent Alphabet Inc. GOOGL, -1.21% GOOG, -1.24% has announced plans to cut approximately 12,000 jobs globally. In a blog post, Alphabet and Google CEO Sundar Pichai described the layoffs as “a difficult decision to set us up for the future.”

“The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsibility for the decisions that led us here,” he added.

Like a number of other tech giants that have made layoffs recently, such as Microsoft Corp. MSFT, -1.56% and Meta Platforms Inc. META, +0.26%, Alphabet expanded to meet demand during the pandemic era but was confronted with a different economic situation, Pichai said. “Over the past two years we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today.”

Now read: Google parent Alphabet planning to cut 12,000 jobs globally

At the end of September 2022, Alphabet had almost 187,000 employees, up from almost 164,000 employees at the end of March.

“As an almost 25-year-old company, we’re bound to go through difficult economic cycles,” Pichai said. “These are important moments to sharpen our focus, re-engineer our cost base, and direct our talent and capital to our highest priorities.”

Echoing accurate comments from Microsoft, Pichai also highlighted the importance of artificial intelligence. “Being constrained in some areas allows us to bet big on others,” he said. “Pivoting the company to be AI-first years ago led to groundbreaking advances across our businesses and the whole industry.”

Read: Google looks to shed 10,000 ‘poor-performing’ workers: report

The CEO said that the company was Getting ready to share “some entirely new experiences” for users, developers and businesses. “We have a substantial opportunity in front of us with AI across our products and are prepared to approach it boldly and responsibly,” he added.

A 2022 report in The Information said that Google was considering cutting 10,000 jobs. The company was also looking into employing a ranking system that would eliminate the lowest-ranked “poor-performing” employees, the report said.

“Earlier this year, we launched Googler Reviews and Development (GRAD) to help employee development, coaching, learning and career progression throughout the year,” a Google spokesperson told MarketWatch in a statement at the time. “The new system helps establish clear expectations and provide employees with regular feedback.”


Intel Corp. INTC, -2.09% announced it was slashing hundreds of jobs in Silicon Valley. The cuts added to layoffs that began late last year as part of previously announced job cutting.

According to filings with California’s Employment Development Department, the chipmaker planned to cut 201 jobs at its offices in Santa Clara, Calif., which is home to Intel’s headquarters, effective Jan. 31. In late December, Intel reported 90 job cuts, during which the company confirmed that it also has put some manufacturing employees on unpaid leave.

The tech giant also added to the 111 job cuts previously announced in Folsom, Calif., at a campus dedicated to research and development. There were 176 layoffs effective Jan. 31, and an additional 167 job cuts effective March 15.

Now read: Intel cuts hundreds more jobs in California, and indicates more to come

Intel also expected more layoffs will be detailed in future filings.

In October, Intel announced plans for job cuts as it reported its third-quarter results. The chip maker said it was focused on driving $3 billion in cost reductions in 2023. “Inclusive in our efforts will be steps to optimize our headcount,” Chief Executive Pat Gelsinger said during a conference call with analysts to discuss the third-quarter results.

The chipmaker had 121,000-plus employees worldwide at the end of 2021.


Microsoft Corp. MSFT, -1.56% joined other tech giants in the layoffs spotlight when the software maker confirmed plans to cut about 10,000 positions.

“Today, we are making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of [the third quarter of fiscal year 2023],” Microsoft CEO Satya Nadella wrote in a blog post on Jan. 18. “This represents less than 5 percent of our total employee base, with some notifications happening today.”

Now read: Microsoft confirms plans to lay off about 10,000 workers as tech companies cut back

Microsoft, he said, was aligning its cost structure with its revenue and with where the company sees customer demand. Nadella wrote that while customers had accelerated their digital spending during the pandemic, they are now looking to “optimize” their digital spending to do more with less. “We’re also seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one,” he added.

The tech giant was taking a $1.2 billion charge in the second quarter related to severance costs, changes to its hardware portfolio and costs of lease consolidation as it created higher density across its workspaces.

Also see: More than 25,000 global tech workers laid off in the first weeks of 2023, says layoff tracking site

The layoffs did not come completely out of the blue. Earlier reports from Sky News and Bloomberg indicated that Microsoft was preparing to make cuts.

In the blog post, Nadella said that while Microsoft was eliminating roles in some areas, the company would continue to hire in key strategic areas. The CEO did not specify which areas will see hiring but did describe advances in artificial intelligence as “the next major wave of computing.”


Coinbase Global Inc. COIN, -0.59% announced 950 job cuts in an attempt to cut costs.

“In 2022, the crypto market trended downwards along with the broader macroeconomy,” said Coinbase CEO Brian Armstrong, in a message to employees on Jan. 10. “We also saw the fallout from unscrupulous actors in the industry, and there could still be further contagion.”

Also read: Coinbase to cut 950 jobs and book charges of up to $163 million

The crypto exchange said it would book charges of about $149 million to $163 million for the cuts, divided between about $58 million to $68 million in cash charge relating to severance and $91 million to $95 million in stock-based compensation charges relating to the vesting of outstanding equity awards. 

The job cuts followed the company’s announcement in June that it would lay off 18% of its employees.


Cisco Systems Inc. CSCO, -0.43% began previously announced layoffs, cutting nearly 700 jobs in Silicon Valley in December, according to filings with the state of California in January.

The layoffs spanned a number of departments at the networking giant and extend across various positions, including software and hardware engineering, program management, product design and marketing. According to the state filings, the number of employees at the company’s San Jose, Calif., headquarters who were affected totaled 371, while 222 jobs were being cut in nearby Milpitas, and another 80 were being cut in Cisco’s San Francisco office. The notices said employees were notified in early December and were given a choice of an effective termination date of either Feb. 1 or March 13.

In November, Cisco announced it was planning a “limited business restructuring” that would adjust the networking giant’s real-estate portfolio and affect about 5% of its 80,000-strong global workforce, or some 4,000 people.

Also read: Cisco layoffs begin with hundreds of job cuts in California and more expected

“This is about rebalancing across the board,” said Cisco Chief Financial Officer Scott Herren at the time, adding that as many jobs will be added as reduced.

“Our goal is to minimize the number of people who end up having to leave,” Herren told MarketWatch. “We will match as many with new roles at the company as we can. This is not about reducing our workforce. In fact, we’ll have roughly the same number of employees at the end of this fiscal year as we had when we started.”


Amazon.com Inc. AMZN, -0.97% kicked off the New Year by confirming more than 18,000 job cuts, more than originally expected. “Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles,” Amazon CEO Andy Jassy wrote in a letter to employees on Jan. 4. “Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT [People Experience and Technology Solutions] organizations.”

“Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so,” Jassy added. “These changes will help us pursue our long-term opportunities with a stronger cost structure; however, I’m also optimistic that we’ll be inventive, resourceful, and scrappy in this time when we’re not hiring expansively and [are] eliminating some roles.”

Now read: Amazon is laying off more than 18,000 workers. Morgan Stanley is looking for the company — and the tech industry — to tighten things up even more

Amazon subsequently filed notices of more than 3,000 job cuts in  New York, California and the company’s home state of Washington, as required by law.

Last year the e-commerce giant confirmed plans to lay off workers in its devices and services business. At that time, The Wall Street Journal reported that Amazon could eventually cut about 10,000 jobs.

Analysts at Morgan Stanley had looked for Amazon and other tech companies to continue reining in costs.


Salesforce Inc. CRM, -1.75% announced at the beginning of 2023 that it would lay off 10% of its workforce as part of a restructuring plan.

The San Francisco-based company announced the layoffs in a filing with the Securities and Exchange Commission on Jan. 4. In addition to the job cuts, Salesforce said it planned to exit some real estate and reduce office space.

The restructuring plan is intended to reduce operating costs, Improve operating margins and continue advancing Salesforce’s commitment to “profitable growth,” the company said in the filing.

Salesforce estimated that it would incur approximately $1.4 billion to $2.1 billion in charges in connection with the restructuring plan, of which approximately $800 million to $1 billion was expected to be incurred in the fourth quarter of fiscal 2023.

Also read: Salesforce will lay off 10% of staff as part of restructuring

Salesforce CEO Mark Benioff said that the company grew too quickly for the current environment. “I’ve been thinking a lot about how we came to this moment,” he wrote in a letter to employees that was also filed with the SEC. “As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that.”

In 2022, Salesforce laid off hundreds of employees from its sales team, according to news reports, as the tech sector as a whole wrestled with a challenging economic environment. “Our sales performance process drives accountability,” said a Salesforce spokesperson in a statement emailed to MarketWatch in November. “Unfortunately, that can lead to some leaving the business, and we support them through their transition.”

As of February 2022, the company, which provides customer-relationship-management software, had over 78,000 employees globally.


In November, HP Inc. HPQ, -0.36% executives announced plans to cut up to 10% of the company’s workforce amid what CEO Enrique Lores described as “a volatile macro environment and softening demand in the second half, with a slowdown on the commercial side.”

“Companies are delaying their refresh [sales] cycle,” Lores told MarketWatch in an interview ahead of the public release of the company’s fourth-quarter results.

Now read: HP plans to cut up to 10% of workforce as earnings forecast comes up short

HP is launching a three-year workforce-reduction plan meant to shed 4,000 to 6,000 jobs, according to Lores, with more than half of the roughly $1 billion in restructuring costs expected to be realized in the new fiscal year. 


Roku Inc. ROKU, +1.40% announced in November that it would cut about 5% of its workforce amid a challenging advertising landscape.

“Due to the current economic conditions in our industry, we have made the difficult decision to reduce Roku’s headcount expenses by a projected 5%, to slow down our [operating-expense] growth rate,” the company said in a brief statement, noting that about 200 positions in the U.S. would be affected. “Taking these actions now will allow us to focus our investments on key strategic priorities to drive future growth and enhance our leadership position,” the statement said.

Related: Roku to cut 5% of staff in latest signal of challenging times for ad industry

In a filing with the Securities and Exchange Commission, Roku said it anticipated charges of about $28 million to $31 million related to the job cuts, mainly stemming from severance payments, notice pay, employee benefits and other costs. The company expected to take the bulk of those charges in the fourth quarter of 2022. Implementation of the workforce reductions will be mostly complete by the end of the first quarter of 2023, it said.


Video software company Kaltura Inc. KLTR, +0.99% said Jan. 4 it was planning to reduce its workforce by about 11%.

In a filing with the Securities and Exchange Commission, Kaltura said its reorganization plan aimed to increase efficiency and productivity in response to the current macroeconomic climate. “The plan’s main objectives are to position the company for lower demand, spend, and available budgets across the company’s market segments, align the company’s business strategy in light of these market conditions and support the company’s growth initiatives and return path to profitability,” it said.

Now read: Video software company Kaltura to cut 11% of work force in restructuring

On an annualized basis, the total cost reduction from Kaltura’s downsizing was expected to be approximately $16 million.

The New York-based company said it would initially book pretax charges of approximately $1 million, primarily for severance and related costs, all of which were expected to be expensed in the first quarter of 2023. The reorganization plan was expected to be “substantially completed” in the first half of 2023, according to the SEC filing.


RingCentral Inc. RNG, -0.27% joined the list of tech companies making layoffs with the November announcement of a plan to cut 10% of its workforce as part of a broader push to cut costs amid a deteriorating economic environment. The cloud-based communications company’s stock jumped on news of the layoffs and of RingCentral’s third-quarter earnings, which beat analysts’ expectations.

In October, RingCentral was added to the list of “zombie” stocks compiled by equity research firm New Constructs.

Also read: RingCentral added to ‘zombie’ stocks list by equity research firm New Constructs

New Constructs, which uses machine learning and natural language processing to parse corporate filings and model economic earnings, described RingCentral as a “cash incinerator” at risk of declining to $0 per share.


Also in November, Redfin RDFN, -6.55% announced another round of layoffs, with CEO Glenn Kelman saying that the company was laying off 13% of its staff, or 862 employees. The real-estate brokerage also announced the closure of RedfinNow, a service that bought homes for cash and resold them to buyers on the market.

“The housing market will get smaller in 2023,” Kelman wrote in an email to staff. “A layoff is awful but we can’t avoid it,” he added.

Now read: ‘A layoff is awful but we can’t avoid it:’ Redfin lays off 13% of staff as housing market slows down

In June, Redfin laid off 8% of its staff, citing “years” of “fewer home sales.”

Beyond Meat

Beyond Meat Inc.  BYND, +3.74% made fresh job cuts in October, slashing about 19% of its global workforce. The company also issued a revenue warning amid softness in the plant-based-meat category, along with increased competition and inflation pressures. Beyond Meat said it would book a roughly $4 million one-time cash charge in the third quarter to cover the job cuts.

The cuts followed a 4% workforce reduction in August.

Related: Beyond Meat’s stock edges lower on sales drop, growing losses

The pressures on the plant-based food company continue. In November, Beyond Meat reported a big drop in third-quarter revenue, escalating losses and tepid revenue guidance.


Facebook parent Meta META, +0.26% also announced in November that it will cut 11,000 employees, or about 13% of its workforce, in the first layoffs in the company’s 18-year history. Chief Executive Mark Zuckerberg has taken responsibility for the cuts, admitting to expanding the company too quickly amid a pandemic-fueled surge in revenue.

“Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected,” he wrote in a post on the company’s public newsroom. “I got this wrong, and I take responsibility for that.”

Now read: Facebook parent Meta begins mass layoffs of 11,000 workers as Mark Zuckerberg says, ‘I take responsibility’

Zuckerberg wrote that while Meta would be making reductions in every area across both its Family of Apps and Reality Labs segments, some teams would be affected more than others. The cuts to Reality Labs will be closely watched for any potential impact on the company’s metaverse strategy, which is handled within the segment.


Meta’s job cuts came hot on the heels of layoffs at Twitter that affected about half of that company’s 7,500 employees. In late October, Elon Musk bought Twitter for the inflated price of $44 billion and quickly launched an effort to slash costs at the unprofitable company.

Before the layoffs hit, Twitter faced a class-action lawsuit over a lack of notice to employees.

Also read: ‘I just killed it’: Musk scraps Twitter’s gray ‘official’ label just hours after its launch

The cuts, which came just before the midterm elections, also sparked concern about the microblogging site’s ability to fight misinformation in the postelection period.

On Dec. 6, San Francisco City Attorney David Chiu told MarketWatch that he will look into the loss of janitors’ jobs at Twitter.


In November, Lyft Inc. LYFT, +2.64% announced plans to lay off 13% of its workforce, or about 683 employees. The ride-hailing company’s executives described the move as a proactive step as they eye a possible recession and as they plan for the coming year.

Now read: Lyft lays off 13% of workers in second round of cuts this year, maintains financial guidance

The latest layoffs followed 60 job cuts in July; a hiring freeze through the end of the year was also implemented in September. In April 2020, in the early days of the pandemic, Lyft laid off nearly 1,000 employees and put another 288 on furlough.


Some companies confirmed their layoffs earlier in 2022. In August, Snap Inc. SNAP, -3.45% announced job cuts as part of a “broader strategic reprioritization” that would see the social-media company focus on cost cuts and aim for profit and positive free cash flow. The company said it would cut about 20% of its full-time employees.

“The scale of these changes vary from team to team, depending upon the level of prioritization and investment needed to execute against our strategic priorities,” said Snap Chief Executive Evan Spiegel in a statement. “The extent of this reduction should substantially reduce the risk of ever having to do this again, while balancing our desire to invest in our long-term future and reaccelerate our revenue growth.”

Related: Snap stock rallies more than 10% after company confirms layoffs, launches restructuring

The Verge reported that Snap had more than 6,400 employees prior to the job cuts.


Also in August, Robinhood Markets Inc. HOOD, +0.10% announced plans to cut its workforce by 23%. The company, which was a launchpad for 2021’s meme-stock phenomenon, cited a weaker economic environment and depressed trading activity.

Also read: Robinhood to lay off 23% of its workforce, with CEO admitting ‘this is on me’

In April, Robinhood cut about 9% of its workforce. At that time, CEO Vlad Tenev wrote in a blog post that the company had grown from about 700 employees at the start of 2020 to nearly 3,800.


In July, Coinbase Global Inc. COIN, -0.59% announced plans to lay off 18% of its employees, just two weeks after extending a hiring freeze and rescinding some job offers. In a blog post, CEO Brian Armstrong said the decision was made “to ensure we stay healthy during this economic downturn.”

Now read: Why Coinbase is laying off 18% of employees and what it means for crypto

The crypto exchange had expanded rapidly, from 1,250 employees at the beginning of 2021 to 4,948 at the end of March 2022. “I am the CEO, and the buck stops with me,” said Armstrong, adding that the company grew too rapidly.


Also in July, Shopify Inc. SHOP, -2.89% announced plans to lay off 10% of its staff, with the e-commerce company citing an evolving business landscape. In a blog post, Chief Executive Tobi Lütke explained that, as a result of the pandemic, Shopify had bet that the share of dollars going through e-commerce rather than physical retail would permanently leap ahead by five or even 10 years. “It’s now clear that bet didn’t pay off,” he wrote. “What we see now is the mix reverting to roughly where pre-COVID data would have suggested it should be at this point.”


Adobe Inc. ADBE, -2.28% announced in December 2022 that it would cut about 100 jobs, mainly in sales, according to a Bloomberg report.

“As part of our ongoing and routine business prioritization, we have shifted some employees to positions that support critical initiatives and removed a small number of specific roles to balance resources against top priorities,” said Adobe, in a statement emailed to MarketWatch.

Adobe was not doing companywide layoffs and was still hiring for critical roles across the company, it said. “The investments we’re making today to drive innovation, expand our product portfolio and serve a growing number of customers will enable us to continue to drive strong growth,” Adobe added. 

The company has more than 28,000 employees worldwide.


Videogame retailer and meme-stock darling GameStop Corp. GME, +1.81% also made cuts.

Speaking during a conference call to discuss the company’s third-quarter results, GameStop CEO Matt Furlong described reductions in headcount during the back half of 2022, but did not give specific numbers. “We now have a firm understanding of the resources required to pursue opportunities in gaming,” he said.

Additional reporting by Tomi Kilgore, Mike Murphy, Anviksha Patel, Ciara Linnane, Levi Sumagaysay, Bill Peters, Jon Swartz and Emily Bary.

Wed, 08 Feb 2023 00:31:00 -0600 en-US text/html https://www.marketwatch.com/story/zoom-and-ebay-join-dell-okta-spotify-google-intel-microsoft-amazon-and-other-tech-companies-making-layoffs-11675870296
Killexams : Cisco earnings growth ‘clearly implies an acceleration in the second half’: Analyst

Morningstar Equity Analyst William Kerwin joins Yahoo Finance Live to share his insights into Cisco's earnings and outlook.

Video Transcript

SEANA SMITH: Cisco's shares jumping just about 7% following its fiscal second quarter earnings. The company reporting a beat on both the top and bottom lines. Guidance, though, for revenue, one of the key drivers here for this after hours move here in the stock-- guidance for its third quarter revenue coming in better than expected. Also full-year revenue growth of 9% to 10.5% beating the Street's expectations by a wide margin.

For more on that, we want to bring in William Kerwin, Morningstar Equity Analyst in technology. William, it's great to have you here. So clearly, strong numbers here from Cisco. The guidance looks pretty solid as well. Your first reaction.

WILLIAM KERWIN: Yeah, it's absolutely a story of the better guidance. Results in the fiscal second quarter came in a little above our expectations, a little bit above consensus. But that guidance for the third quarter, especially on the top line, a midpoint of 12% year-over-year growth, that's well ahead of our expectations coming into this release at about 6%.

So it clearly implies an acceleration in the second half. And I would just say stepping back for a second, it really shows that the networking market in general has proven to be a little bit more resilient this year amid a backdrop of some weakening in markets elsewhere. So definitely positive for Cisco.

DAVE BRIGGS: CEO Chuck Robbins saying as part of the release, the modern, highly secure networks we are building serve as the backbone of our customers' technology strategy. This, combined with the success of our ongoing business, transformation, and operational discipline gives me confidence in our future. How might the China reopening story play into their future as well?

WILLIAM KERWIN: It definitely plays a role as one aspect of the overall demand. But when we look at Cisco, we really see it as a diversified story in terms of its end customers, its end markets. We still believe that the core networking business really drives results.

And that's what the CEO was referencing there in that comment. But they also have the cybersecurity business, the collaboration businesses-- though, upon first glance at the press release, it really does look like that core networking business is what drove the beat this quarter and the impressive guidance next quarter. So China is a factor. I wouldn't say it's the primary driver, in our view. But they have a diversified amount of drivers that all look to be going really well for them.

SEANA SMITH: William, supply issues had certainly been a challenge here for Cisco recently. We know a number of shortages for their components had held back their ability to fill all of their orders. In this release, the company saying that they have taken steps to Improve supply. What do you think the supply picture currently looks like and how much improvement are you expecting in the coming quarters?

WILLIAM KERWIN: It's definitely something where we're not back to a period where all the supply constraints are alleviated, but it's something that we expect to slowly work its way back to normal throughout calendar 2023 and probably last a little bit longer. So on the prior call, Cisco-- this is the second quarter in a row that Cisco has raised its full-year guidance, so very positive for investors there. But on the previous call, they had talked about expecting a step function each quarter of alleviation of the increased costs related to those supply constraints.

And so it appears that they're sticking to that message. And potentially, it's improving even a little bit faster than they expected just three months ago.

DAVE BRIGGS: We see subscription-- software subscription revenue up 15% year-over-year. And you say it has, essentially, a wide moat, which speaks to their competitive advantage. If there's one thing that really encapsulates that advantage over their competitors, what is it?

WILLIAM KERWIN: For us, it's definitely looking at Cisco's portfolio from a holistic perspective. We like to talk about it as a walled garden sort of approach, where they get into customers serving their core networking hardware needs, but then on top of that, they layer networking software. They can layer cybersecurity software, collaboration.

And it really creates a broad-based value proposition where they embed themselves in various touchpoints to those customers that makes them hard to rip out. So our wide moat rating coming into this quarter is really based around those customer switching costs and just being embedded in mission critical workflows in those enterprise organizations.

SEANA SMITH: All right, William Kerwin Morningstar Equity Analyst, thanks so much for joining us again. Cisco Systems, that stock up just about 6.5%.

Wed, 15 Feb 2023 07:51:00 -0600 en-US text/html https://finance.yahoo.com/video/cisco-earnings-growth-clearly-implies-213313338.html
Killexams : Cisco IoT Operations Dashboard Updated, New Cisco Catalyst Gear Targeting Industrial IoT

Networking News

Gina Narcisi

‘This news is really around how we’re using the cloud operating model and cloud capabilities to allow our customers in the industrial IoT space to gain the same benefits from the same technology as we add to our industrial networking portfolio,’ Vikas Butaney, SVP and GM of Cisco industrial IoT networking, told CRN ahead of Cisco Live 2023 EMEA.


Cisco Systems is introducing new hardware and a simplified, cloud-based approach to IoT management as IT and operational technology (OT) become even more tightly connected, the company announced at Cisco Live 2023 EMEA on Tuesday.

Cisco has been enhancing its cloud-based IoT Operations Dashboard to help operations teams more efficiently remotely operate and manage industrial IoT environments. The company revealed two updates to the dashboard: integration with Cisco Cyber Vision and making Secure Equipment Access Plus available via the platform.

“This news is really around how we’re using the cloud operating model and cloud capabilities to allow our customers in the industrial IOT space to gain the same benefits from the same technology as we add to our Industrial networking portfolio,” said Vikas Butaney, senior vice president and general manager of SD-WAN, cloud connectivity and industrial IoT networking.

[Related: New Cisco Americas Channel Chief: ‘This Is Not Your Mother’s Go-To-Market Partnership’ ]

The Cisco Cyber Vision feature combines edge monitoring with some of Cisco’s security offerings to give users — namely, IT and OT teams — full visibility into their industrial assets. The company said that Cyber Vision automatically builds a detailed asset inventory and identifies any vulnerabilities. It can also pull in risk scores from Cisco’s Kenna vulnerability management product to prioritize vulnerabilities for the appropriate team or MSP. It can also share a customers’ OT asset inventory with SecureX, Cisco’s XDR platform.

“Not only are we going to tell you about your network, but we can also tell you about the devices that are connected in one place [and] where you should spend your time and focus on securing,” Butaney said.

The addition of Secure Equipment Access Plus within Cisco’s IoT Operations Dashboard will give partners and end user operations teams the ability to remotely deploy, maintain, and troubleshoot assets connected to Cisco industrial routers. This includes ruggedized equipment in roadside cabinets and controllers in hard-to-reach and deploy objects, such as wind turbines.

This will help customers increase their asset uptime and reduce the need for physical visits to the field for configuration changes or expensive truck rolls, Butaney said.

The updates to the IoT operations dashboard are especially important for partners who have been helping their customers with OT environments that haven’t historically been well-documented in terms of connected devices and endpoints. These partners have had to do their own time-consuming assessment services in the past for these customers. With the inclusion of Cyber Vision and Secure Equipment Access Plus, the Operations dashboard can give partners a report on the customers’ network, assets and software versions, Butaney said.

“It gives our partners an ability now to go back out there and say: ‘Did you know this product is out of support or has a vulnerability?’ It gives partners a very easy way to engage and maybe create a managed service opportunity over time,” he said.

The Hardware Side Of Industrial Networking

Alongside the innovations for Cisco’s IoT Operations Dashboard, the networking vendor’s bread and butter networking portfolio is also getting a refresh with a new switch series, wireless client and access point for industrial IoT use cases that are joining the popular Cisco Catalyst portfolio.

For faster connectivity in smaller, or tight spaces, the new Cisco Catalyst IE3100 Rugged Series are small, DIN-rail mounted, gigabit ethernet switches that can connect to controllers in harsh industrial, outdoor, and small spaces. These switches run the IOS-XE operating software and are managed by Cisco DNA Center.

The Cisco Catalyst IE3100 Rugged Series serves as a replacement or upgrade from the Catalyst IE2000 Rugged Series, Butaney said.

The new Catalyst IW9165E Rugged Wireless Client can connect mobile industrial assets, such as autonomous robots or automated guided vehicles. The client lets users operate with standard Wi-Fi deployments or using Cisco’s Ultra-Reliable Wireless Backhaul (Cisco URWB) for low latency connectivity.

Lastly, the new Catalyst IW9165D Heavy Duty Access Point offers fiberless wireless backhaul with built-in antennas for easy deployment when fiber or cellular is not an option. External antennas can be added to support fixed and mobile use cases simultaneously, Cisco said.  

Gina Narcisi

Gina Narcisi is a senior editor covering the networking and telecom markets for CRN.com. Prior to joining CRN, she covered the networking, unified communications and cloud space for TechTarget. She can be reached at gnarcisi@thechannelcompany.com.

Tue, 07 Feb 2023 09:43:00 -0600 en text/html https://www.crn.com/news/networking/cisco-iot-operations-dashboard-updated-new-cisco-catalyst-gear-targeting-industrial-iot
Killexams : CVS taps new chief diversity, equity and inclusion officer

Name: Shari Slate

Previous title: Senior vice president, inclusive future and strategy and chief inclusion and collaboration officer, Cisco

New title: Senior vice president and chief diversity, equity and inclusion officer, CVS Health

Effective Feb. 27, Slate will assume her role as CVS Health’s chief diversity, equity and inclusion officer. The role was previously held by David Casey, who left for a position outside of CVS, according to a company spokesperson.

Permission granted by CVS Health

While reporting to Executive Vice President and Chief People Officer, Laurie Havanec, Slate will head CVS Health’s diversity, equity, and inclusion strategy, including the company’s workforce initiatives with a focus on aligning the company’s diversity workforce and community initiatives.

Previously, Slate served as SVP and chief inclusion and collaboration officer at digital communications company Cisco, where she worked for over a decade. At Cisco, Slate was responsible for creating tools for the company’s diversity, equity and inclusion initiatives, including the creation of the company’s Inclusive Future Action Office, which oversaw a $300 million budget, according to a release.

“Our ability to be successful requires us to bring diverse and inclusive solutions to the marketplace – work that can only be done with the very best talent representing the communities where we live and work,” Slate said in a release.

CVS Health will announce its fourth-quarter and full-year 2022 earnings on Wednesday.

Mon, 06 Feb 2023 03:33:00 -0600 Sydney Halleman en-US text/html https://www.healthcaredive.com/news/cvs-announces-appointment-new-chief-diversity-officer-shari-slate/642032/
Killexams : United Nations Global Compact: UN Global Compact Network USA Appoints Two New Board Directors and Announces New Slate of Board Officers

NEW YORK, NY / ACCESSWIRE / February 14, 2023 / UN Global Compact Network USA, the American chapter of the world's largest corporate sustainability initiative, today announced a new slate of board officers and the appointment of two new directors. Daniella Foster of Bayer was elected the new board chair; Ann Tracy of Colgate-Palmolive was named Secretary; and Shobha Meera of Capgemini stepped in as interim Treasurer. They will join Gayle Schueller of 3M, the Vice Chair, on the executive committee. In addition, Michael Okoroafor of McCormick & Company and Brian Tippens of Cisco, have joined the board.

Foster, an executive board member and senior vice president and global head of public affairs, science, and sustainability, and consumer health at Bayer, is in her sixth year of service to the Network USA board. She had previously served for two years as the board Secretary.

"I'm honored to be elected as the chair of Network USA and look forward to working with the entire board to advance the organization's growth," said Foster. "As one of the largest UNGC networks in the world, we have a great opportunity to help even more US companies embody and lean into the principles of the Global Compact and the Sustainable Development Goals."

Tracy is the chief sustainability officer at Colgate-Palmolive and is in her third year on the Network USA board. Meera is the chief corporate social responsibility officer at Capgemini and has served on the board for two years.

"I'm confident that Ann will do a great job in her new role as Secretary, and I thank Shobha for stepping up to fill the Treasurer's position," said Foster. "Adding Brian and Michael to our board will only strengthen us in the years ahead, as they both bring great experience from their careers leading corporate sustainability programs and are passionate about the work of the Global Compact."

Okoroafor is the chief sustainability officer at McCormick, a global leader in flavor that manufactures, markets, and distributes spices, seasonings, condiments, and other flavor products to the entire food industry. He has spearheaded the company's Purpose-led Performance journey and its inclusion on several well-known indices and lists, including the Corporate Knights Global 100 Sustainability Index, where McCormick has been ranked as the top company in the food industry for the past seven years; the FTSE4Good Index Series; and Fortune's 2022 Change the World list. Additionally, Okoroafor has helped McCormick obtain recognition as one of America's Most JUST Companies by JUST Capital. In 2020, he was named an Environment & Energy (E&E) Leader 100 honoree. In 2023, he will receive a Maryland International Business Leader Award for his work to promote Maryland as a global business hub. Okoroafor also serves on the board of Charter Next Generation and AMERIPEN (American Institute for Packaging and the Environment.) He previously served in various leadership roles at PPG, Coca-Cola, and Heinz.

Tippens is in his first year at Cisco, an American-based multinational digital communications technology corporation. He serves as Cisco's senior vice president and chief social impact officer. He is a World Economic Forum contributor and a member of the Executive Leadership Council. He previously served as chief sustainability officer at HPE and was president of the HPE Foundation. Earlier in Tippens' career, he worked in the legal group at Intel.

In addition to the four executive committee members, Okoroafor and Tippens join Jennifer Leitsch of EY and Eunice Heath of CRH as current Network USA board directors.

Network USA currently has more than 900 signatory participants and works with them to identify sustainability challenges and opportunities, provide practical guidance, and promote action to support broader UN goals. It works closely with the UN Global Compact Office to ensure that its members have access to all programs and learning tools to help them make progress against the Ten Principles and SDGs.

About the United Nations Global Compact

As a unique initiative of the UN Secretary-General, the United Nations Global Compact calls for companies everywhere to align their operations and strategies with the Ten Principles in human rights, labor, environment, and anti-corruption. Our ambition is to accelerate and scale the collective global impact of business by upholding the Ten Principles and delivering Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 17,000 companies and 3,000 non-business signatories based in over 160 countries, and 69 Local Networks, the UN Global Compact is the world's largest corporate sustainability initiative - one Global Compact uniting businesses for a better world. For more information, follow @globalcompactusa on social media and visit our website at https://www.globalcompactusa.org/.


Noah A. Smith
UN Global Compact Network USA
+1 917-868-9320

View additional multimedia and more ESG storytelling from United Nations Global Compact on 3blmedia.com.

Contact Info:
Spokesperson: United Nations Global Compact
Website: https://www.3blmedia.com/profiles/united-nations-global-compact
Email: info@3blmedia.com

SOURCE: United Nations Global Compact

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