Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 12 July 2011 10:54

Cisco to cut up to 10,000 jobs

Written by


To boost profits, appease Wall Street
Cisco is said to be planning cutting as many as 10,000 jobs worldwide, or about 14 percent of its workforce.

About 7,000 jobs will be eliminated by the end of August, while an additional 3,000 workers opted for early retirement.

The move is basically aimed at reassuring investors and boosting profits in the short-term. The job cut is expected to save Cisco about $1 billion in fiscal 2012. Additional cost cutting measures have also been implemented, a company spokesperson told Bloomberg.

However, analysts are not entirely sold on the massive job cut. Some believe Cisco will continue to lose market share to the likes of Juniper and HP and that more has to be done to turn the company around.

More here.

 

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments