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Cisco delays virtual conference, makes $5 million donation to social justice groups

Cisco Systems Inc. on Monday postponed its Cisco Live 2020 online conference scheduled for this week due to the ongoing nationwide protests. The conference had already been canceled as a live event due to the coronavirus pandemic. “At Cisco, we have always aspired to foster an environment of dignity, respect, fairness and equality for all,” the company said in a statement. “In light of what is going on in the world at this time, we have made the decision to postpone Cisco Live this week.” In a video statement on YouTube, Chief Executive Chuck Robbins said Cisco would make a $5 million donation to charities fighting racism and discrimination. A new date was not announced. Last year’s Cisco Live had about 30,000 attendees.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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