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

Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

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