Cisco saw its stock drop by as much as 6% in after hours trading Wednesday night following its Q4 earnings report. On Thursday, Cisco’s stock slid by more than 11%, which put it on track for the worst day since February 2011.
During its earnings report, Cisco, which has long been a bellwether vendor for the telecom sector, laid out a restructuring plan that includes a voluntary early retirement program and layoffs.
