Cisco CEO talks product backlog and job cuts despite strong Q1 earnings

Cisco Systems chipped away at its record-breaking backlog and posted its largest quarterly revenue total in the history of the company during its first fiscal quarter of 2023, according to Cisco Chairman and CEO Chuck Robbins. The tech giant saw an easing of supply chain constraints and component shortages during Q1 2023, a shift that has allowed Cisco to deliver hardware, which has in turn, released software subscriptions that "were sitting in backlog," the company's CEO said during the c...