Cisco Systems plans to lay off about 7 percent of its global workforce in a restructuring that will see it further focus on hot IT areas such as the internet of things, security, collaboration, next-generation data centers, and the cloud.
The move will cost the company around $700 million in redundancy payments to the roughly 5,500 staff who will be out of jobs in the coming months. The layoffs will hit some of Cisco's smaller and more mature business areas where long-term growth prospects are low, the company said.
Edward Snowden says his old employer was likely hacked by his new host.
The National Security Agency leakmeister tweeted Tuesday that the auction of malicious software files allegedly stolen from the NSA may actually be diplomatic signaling by Russia. The software, a set of digital tools, is being auctioned by a group that says it stole the cyber weapons from another group allegedly linked to the NSA.
Despite the offer for a free upgrade to Windows 10 ending almost three weeks ago, the animosity against Microsoft's operating system rages on. This time, the Electronic Frontier Foundation (EFF) called out the company for its aggressive upgrade tactics and privacy concerns.
DEA Special Agent Carl Force wanted his money—real cash, not just numbers on a screen—and he wanted it fast.
It was October 2013, and Force had spent the past couple of years working on a Baltimore-based task force investigating the darknet's biggest drug site, Silk Road. During that time, he had also carefully cultivated several lucrative side projects all connected to Bitcoin, the digital currency Force was convinced would make him rich.
Nine contestants playing Hacker Jeopardy in a crowded Las Vegas ballroom room probably didn't expect to become the latest symbol of the tech industry's struggles to include women.