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

Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

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