Report: Cisco to make a $1 billion effort to keep its talent

Cisco CEO Chuck Robbins plans to commit an additional $1 billion over the next year in an effort to increase salaries and retain workers, The Information reported on Friday. Robbins made the pledge during a meeting with managers earlier this month, the publication reported. It came as San Jose-based Cisco Systems Inc. reported earnings this week that beat Wall Street expectations despite showing a year-to-year decline in revenue. Here's more from The Information: Read the full story from The…