Global networking giant Cisco has announced it would extend its restructuring plan to lay off 1,100 more employees. The technology had earlier announced the restructuring plan in August 2016 to reinvest in "key priority areas" and part of it was to lay off up to 5,500 employees, or 7 per cent its workforce, Xinhua reported on Thursday.

The extended plan was discussed in Cisco's third Quarter Earnings report released on Wednesday, with the completion of additional workforce reduction scheduled for the first quarter of fiscal 2018. The company's 3rd quarter of fiscal 2017 ended April 29.