Morgans AM: Monday, 18 September 2023

from Morgans Financial Limited (Imports from Soundcloud) · host Morgans Financial Limited

US equity markets retreated on Friday (15 September), with technology stocks under pressure - Dow fell -289-points or -0.83%. Cisco Systems Inc (down -0.59%) announced another round of job cuts, with the networking company announcing that it will lay off 350 employees in Silicon Valley next month. Last year, Cisco announced it would slash ~5% of its workforce, roughly 4,000 jobs, and laid off nearly 700 more Silicon Valley employees in March, according to state filings.

Episode metadata supplied by the publisher feed · Published Sep 17, 2023

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Morgans AM: Monday, 18 September 2023

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