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Earnings Outlook: Cisco earnings: Summer layoffs to return?

Cisco Systems Inc. will close out its fiscal year with an earnings report Wednesday, and could return to its annual tradition of summer layoffs.

Cisco CSCO, -0.13% announced four-figure layoffs at the end of its fiscal year every summer from 2011 to 2014, but broke that string last year as new Chief Executive Chuck Robbins took the helm. With employment ranks swelling thanks to Cisco’s acquisitive nature, it could be time for the ax to fall again.

Cisco’s last round of cuts eventually reduced its employee total from about 74,000 to less than 72,000, but that number rose to 73,104 as of the end of the networking giant’s third quarter, on April 30.

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