Interesting footnote . . .

A footnote to the table "GAAP TO NON-GAAP BUSINESS OUTLOOK FOR Q1 FY 2018":

"In August 2016, we began taking action under a restructuring plan in order to reinvest in our key priority areas in which up to 6,600 employees would be impacted, with estimated pretax charges of approximately $850 million. During fiscal 2017, we have recognized pretax charges of $756 million to our GAAP financial results in relation to this restructuring plan. We expect this plan to be substantially completed by the end of the first quarter of fiscal 2018."

Apologies for any transcription errors.

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Layoffs in the states happen quickly. In other countries it can take many many months. There's no story here.

October next round of layoffs

It means that the remaining $94MM in pretax charges will be completed by then. It takes time to clean up the books on these charges originating from the LR.

Interesteting, but I don't think a year exists where they did not have layoffs?

So this effectively means layoffs are continuing from the previous 6,600?

Cisco - expect previously announced restructuring plan‍ to be substantially completed by the end of the first quarter of fiscal 2018

https://www.reuters.com/article/brief-cisco-systems-reports-q4-non-gaap-idUSASB0BG6V

Thread regarding Cisco Systems Inc. layoffs

Interesting footnote . . .

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