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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
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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)/?)
To: markomalley
3
posted on
07/23/2012 7:24:25 PM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: eyedigress
This is bad news. I use this stuff to make pie dough and sometimes I fry with it.
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)
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
To: markomalley
Good for the stock price which has been sagging a bit lately.
To: american_ranger
To: american_ranger
Never mind.
9
posted on
07/23/2012 8:46:27 PM PDT
by
AndrewB
(FUBO)
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....)
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!)
To: Kickass Conservative
Oh Ceeesco!
12
posted on
07/23/2012 9:07:17 PM PDT
by
tumblindice
(Sic Semper Tyrannis)
To: markomalley
13
posted on
07/23/2012 9:08:54 PM PDT
by
Revolting cat!
(Bad things are wrong!)
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!)
To: Revolting cat!
15
posted on
07/23/2012 9:12:07 PM PDT
by
dfwgator
(FUJR (not you, Jim))
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.)
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!)
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?)
To: dfwgator
19
posted on
07/23/2012 9:22:29 PM PDT
by
Revolting cat!
(Bad things are wrong!)
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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