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Cisco To Lay Off 1,300 Employees In Latest Cutback
AP/CBS ^ | 7/23/2012

Posted on 07/23/2012 7:06:12 PM PDT by markomalley

Cisco Systems was preparing to lay off about 1,300 workers just a few months after the world’s largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close deals.

The cuts announced Monday represent about 2 percent of Cisco System Inc.’s payroll of 65,000 workers.

The upcoming layoffs represent the San Jose company’s latest austerity measure. Last year, Cisco shed about 10,000 jobs as part of a program aimed at saving about $1 billion annually.

(Excerpt) Read more at sanfrancisco.cbslocal.com ...


TOPICS: Business/Economy; Extended News
KEYWORDS: bhoeconomy; cisco; layoffs

1 posted on 07/23/2012 7:06:14 PM PDT by markomalley
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To: markomalley

I hate to see this kind of news. Obama and his socialism is tearing into the fabric of all free enterprise. Liberals are to stupid to see what he is doing.


2 posted on 07/23/2012 7:15:20 PM PDT by eyedigress ((zOld storm chaser from the west)/?)
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To: markomalley

3 posted on 07/23/2012 7:24:25 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: eyedigress

This is bad news. I use this stuff to make pie dough and sometimes I fry with it.


4 posted on 07/23/2012 7:57:54 PM PDT by american_ranger
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To: markomalley
bellwether or canary, which...
5 posted on 07/23/2012 8:02:22 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: markomalley

They need to cut about another 20K workers.

There’s so many useless people there now, pulled in through one acquisition after another, that it’s mind-boggling.

This is the danger of growth by acquisition.


6 posted on 07/23/2012 8:03:41 PM PDT by NVDave
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To: markomalley

Good for the stock price which has been sagging a bit lately.


7 posted on 07/23/2012 8:03:58 PM PDT by Last of the Mohicans
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To: american_ranger


8 posted on 07/23/2012 8:06:28 PM PDT by nascarnation
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To: american_ranger
Never mind.

9 posted on 07/23/2012 8:46:27 PM PDT by AndrewB (FUBO)
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To: markomalley
When they canceled The Cisco Kid, I stopped buying their stuff. I wonder what ever happened to Poncho?
10 posted on 07/23/2012 8:57:01 PM PDT by Kickass Conservative (Confucius say, short note better than long memory....)
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To: eyedigress
"...growing economic uncertainty is making it tougher to close deals. "

Between the state, the feds and the EU, I sometimes wonder why they choose to stay in business at all

The Kenyan must go.

11 posted on 07/23/2012 9:03:22 PM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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To: Kickass Conservative
CISCO KID/PANCHO Oh Ceeesco!
12 posted on 07/23/2012 9:07:17 PM PDT by tumblindice (Sic Semper Tyrannis)
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To: markomalley

The Kid’s gotta go!


13 posted on 07/23/2012 9:08:54 PM PDT by Revolting cat! (Bad things are wrong!)
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To: markomalley; a fool in paradise
To avoid confusion, this is how it's pronounced:


14 posted on 07/23/2012 9:11:08 PM PDT by Revolting cat! (Bad things are wrong!)
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To: Revolting cat!

He was a friend of mine.


15 posted on 07/23/2012 9:12:07 PM PDT by dfwgator (FUJR (not you, Jim))
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To: american_ranger

Good one!

Though I had to stare at it for a minute before I got it.


16 posted on 07/23/2012 9:15:34 PM PDT by Nik Naym (It's not my fault... I have compulsive smartass disorder.)
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To: nascarnation
I hear Cisco is headquartered somewhere near here.


17 posted on 07/23/2012 9:16:23 PM PDT by Revolting cat! (Bad things are wrong!)
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To: Kickass Conservative

Like us all...Poncho got older...he’s now Pauncho.


18 posted on 07/23/2012 9:19:41 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: dfwgator

19 posted on 07/23/2012 9:22:29 PM PDT by Revolting cat! (Bad things are wrong!)
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To: Kickass Conservative
I wonder what ever happened to Poncho?

Poncho married Lefty!

20 posted on 07/23/2012 9:23:49 PM PDT by Revolting cat! (Bad things are wrong!)
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To: Revolting cat!
Ponch and his partner getting the word.
21 posted on 07/23/2012 9:32:46 PM PDT by tumblindice (Sic Semper Tyrannis)
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To: tumblindice
Not to be confused with laying of...


22 posted on 07/23/2012 9:41:04 PM PDT by Revolting cat! (Bad things are wrong!)
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To: markomalley
Soviet wonder of modern technology made by ZIS Co.


23 posted on 07/23/2012 9:57:21 PM PDT by Revolting cat! (Bad things are wrong!)
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To: markomalley; a fool in paradise; Slings and Arrows
Indeed, Cisco ain't doing too good!


24 posted on 07/23/2012 10:13:31 PM PDT by Revolting cat! (Bad things are wrong!)
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To: markomalley

Silicon Valley should design a robot to slit their throats, and save their boy the effort. Fools almost to the man.


25 posted on 07/23/2012 11:13:44 PM PDT by arrogantsob (Obama must Go. Sarah herself supports Romney.)
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To: Revolting cat!

Oh, man that is a classically ugly car. It takes the worst of the Studebaker, Edsel, Citrogen and Peugot and raises them to a new level of ugly.


26 posted on 07/23/2012 11:18:05 PM PDT by arrogantsob (Obama must Go. Sarah herself supports Romney.)
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To: markomalley
Evidently in some countries where pronunciation has proven difficult, the company is known under a slightly different name,


27 posted on 07/23/2012 11:20:02 PM PDT by Revolting cat! (Bad things are wrong!)
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