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Cisco says it is shedding jobs to simplify its operations and adjust to changing economic conditions around the world. The company didn’t specify what parts of its operations will be trimmed.

The belt tightening comes after Cisco offered revenue guidance for its current quarter that was well below Wall Street expectations. Cisco cautioned its revenue for the period that ends this month is likely to increase by as little as 2 percent from the same time last year. At the time that guidance was issued in early May, analysts had been anticipating a revenue increase of 7 percent.

FAA

Official: Radar center will be in New York

RONKONKOMA, N.Y. — A new air traffic control center that will serve the busy New York, New Jersey and Philadelphia metropolitan areas will be built somewhere in New York, although a decision on an exact location is still likely many months away, acting FAA Administrator Michael Huerta said Monday.

“We’re very early in a process for a very important decision,” Mr. Huerta told reporters after touring Long Island MacArthur Airport, one of the sites local officials have proposed for the new facility. The FAA has announced a $2.3 billion modernization plan that will consolidate 49 aging air traffic facilities in the Northeast down to four by 2023.

So far, Mr. Huerta said, $95 million has been allocated for preliminary site review, cost analysis and design preparations, but he noted actual construction of the new air traffic control center is expected to be $220 million.

From wire dispatches and staff reports