Cisco Cutting About 310 Headquarters Jobs Under Strategy Shift

Cisco Systems Inc., the biggest maker of computer networking equipment, said it will cut about 310 jobs at its headquarters in San Jose, California.

Cisco is trying to shift from a reliance on revenue from high-cost proprietary equipment -- which some customers are turning away from -- to software and services. The company has more than 73,000 employees, according to data compiled by Bloomberg.