Splunk Inc

Cisco says it’s cutting 5% of workforce, amounting to over 4,000 jobs

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Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Shares were down as much as 9% in extended trading. It’s the latest … Read more

Cisco acquires Splunk in cash deal worth $28 billion

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Cisco is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion, the company said Thursday, in its largest acquisition ever. Splunk shares ended Thursday up 21%, while Cisco shares closed down 4%. Splunk’s technology helps businesses monitor and analyze their data to minimize the risk of hacks … Read more