The job reductions come despite strong financial results for both companies. Cisco reported $14.7 billion in revenue for the fourth quarter, up 8% from a year earlier, and $56.7 billion for the full year, while Oracle posted more than $12 billion in profit in its last fiscal year, further adds the report.
https://www.thedailystar.net/tech-startup/news/cisco-and-oracle-cut-hundreds-jobs-report-3975886