Job Cuts, Cisco | featured news

(Image from article: "Cisco could eliminate as many as 10,000 jobs: report")

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Cisco to cut workforce by 15 percent, sell factory to Hon Hai

Cisco Systems plans to cut 15 percent of its staff and sell a set-top box factory as part of a plan to cut annual expenses by $1 billion as the network equipment maker tries to revive its fortunes.

Cisco could eliminate as many as 10,000 jobs: report

Networking equipment company Cisco Systems Inc could eliminate as many as 10,000 jobs, or about 14 percent of its workforce, to revive profit growth, Bloomberg said, citing two people familiar with the matter.

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