Cisco Systems, the technology industry’s biggest computer infrastructure equipment maker, said Wednesday that it planned to cut 4,000 jobs, or roughly 5 percent of its workforce, in an effort to trim costs and reorganize during what executives described as a “challenging” global economic climate.
The cuts were announced even as Cisco, which sells networking software and services and videoconferencing systems, reported better-than-expected earnings in the fourth quarter of its fiscal year.
John Chambers, the company’s chief executive, said that despite the promising figures, the company still faced significant challenges in the coming months.
In a conference call on Wednesday with investors and analysts, he said that Cisco needed to improve its ability to react quickly to market changes. Full story for BostonGlobe.com subscribers.