Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (56995)	7/23/2012 5:36:38 PM
From: FJB	3 Recommendations Read Replies (1) \| Respond to of 95520

Cisco to cut about 1,300 jobs Reuters – 50 minutes ago REUTERS - U.S. network equipment maker Cisco Systems ( CSCO) said on Monday that it plans to cut about 1,300 jobs as part of ongoing efforts to restructure the company. "We are performing a focused set of limited restructurings that will collectively impact approximately 2 percent of our global employee population," the company said in an emailed statement. These actions are part of a continuous process to simplify the company and assess the economic environment in certain parts of the world, it said. Cisco had 65,223 employees at the end of its fiscal third quarter, according to its website. Cisco last year started a plan to cut expenses by $1 billion in an effort to make the company leaner and more efficient. At the time, it said it planned to cut 15 percent of its workforce. Cisco is due to report on its fourth quarter on August 15.