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Cisco to shed 5,500 staff in refocus on IoT, security, and cloud

The move will cost $700 million but is ultimately hoped to increase profits

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Martyn Williams produces technology news and product reviews in text and video for PC World, Macworld, and TechHive from his home outside Washington D.C.. He previously worked for IDG News Service as a correspondent in San Francisco and Tokyo and has reported on technology news from across Asia and Europe.

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