Cisco Systems, Inc. - CSCO STOCK NEWS

NexGen Virtual has enhanced its Virtual Office App for Webex by Cisco (NASDAQ: CSCO), introducing features aimed at improving the hybrid work experience. The integration offers a secure platform for collaboration, allowing users to create virtual office environments complete with custom 3D floor plans. This upgrade enables employees to connect effectively while managing productivity without the burdens of traditional office costs. The app promotes teamwork through tools for real-time interaction, document sharing, and secure communication. The partnership aims to leverage advanced technology to empower global teams and enhance workplace culture.

Cisco Systems Inc. launched the Proximity Initiative aimed at fostering understanding through one-on-one conversations among executives and employees from Inclusive Communities. Over 1,700 meetings since 2019 have emphasized the need for intentionality, vulnerability, and empathy in discussions across diverse identities. Despite the pandemic's shift to virtual meetings, 97% of leaders found value in these conversations, noting enhanced leadership styles. Key insights include the initiative's role in driving connection within the company and addressing the need for authentic dialogue around diversity. Cisco encourages proactive engagement for an inclusive workplace culture.

Cisco Systems emphasizes the importance of sponsorship in promoting diversity and inclusion within corporate leadership, as highlighted in their latest press release dated March 10, 2023. The company advocates for leaders to mentor individuals from diverse backgrounds through its initiative, The Multiplier Effect (TME), which encourages sponsors to support the career advancement of underrepresented talents. Cisco leaders Derek Idemoto and Jerome J. Sanders discuss the mutual benefits of sponsorship, overcoming obstacles for Black employees, and the need for actionable feedback in performance reviews. Cisco's commitment aims to foster an inclusive future by taking decisive actions today.

Cisco Systems celebrates the 25th anniversary of its Networking Academy, which aims to provide inclusive education and digital skills to learners worldwide. In 2022, the academy reached 3.2 million learners in 190 countries through 40 courses in 27 languages. Cisco is focusing on closing the digital skills gap, especially in regions like South Africa and India, with initiatives to provide learning resources and connectivity. The goal is to train 25 million learners over the next decade, prioritizing equity and access for all, including underserved communities and women in technology.

Cisco Systems Inc. recently highlighted the significance of Black History Month through its Connected Black Professionals (CBP) initiative. The CBP fosters community among Black employees and emphasizes the importance of recognizing African Americans' contributions to history. Employees shared personal reflections, noting the month as a time for both celebration and reflection. Despite the positive focus, challenges like systemic racism and inequality were acknowledged. Cisco encourages allyship by urging employees and the larger community to engage with Black history and support equity initiatives year-round.

Cisco Systems Inc. highlighted the importance of data science and data privacy in a recent blog post by Amber Yandow. With the global datasphere expected to reach 163 zettabytes by 2025, the significance of protecting personal data has surged. According to McKinsey, effective data anonymization can reduce risks and enhance data accessibility for analysis. The EU's GDPR has issued 1,031 fines totaling €1.581 billion for data breaches. Cisco encourages individuals to enhance their data security through strong passwords and data backups. The company also offers free courses on data science and cybersecurity via its Networking Academy.

Cisco announced its participation in the Morgan Stanley Technology, Media and Telecom Conference on March 8, 2023, at 8:00 a.m. PT. This event will be webcasted, and interested parties can access it via Cisco's Investor Relations website. Jonathan Davidson, Executive Vice President and General Manager at Cisco Networking, will lead the session.

Cisco, a leader in Internet technology, aims to inspire possibilities by reimagining applications, securing data, and transforming infrastructure for a global future.