Cisco could cut 10,000 jobs to boost profit

By on July 12, 2011 at 11:40 PM.

Cisco could cut 10,000 jobs to boost profit

Cisco could cut as many as 10,000 jobs — 14% of the company’s employees — in an effort to boost profits, Bloomberg reported on Tuesday. 3,000 Cisco employees accepted buyouts and early retirement packages, which will cost Cisco between $500 and $1.1 billion during the fourth quarter. While the layoff plans aren’t final, 7,000 more jobs could be cut by the end of August. The move comes as analysts predict that Cisco’s router and switches business will continue to slide into next year, and the company believes the job cuts could save it as much as $1 billion during 2012. “We will provide additional detail on the cost reductions, including layoffs, on our next earnings call,” Cisco spokesperson Karen Tillman said. The call is scheduled for early August. On April 12th, Cisco announced that it was restructuring its consumer business and killing off its Flip video camera arm.  More →

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ASUS ramping up production of Eee Pad Transformer citing ‘excessive demand’

By on May 18, 2011 at 6:02 PM.

ASUS ramping up production of Eee Pad Transformer citing ‘excessive demand’

Asustek Computer is promising to increase monthly production runs of its versatile Eee Pad Transformer tablet. Citing strong demand in the U.S., UK, Taiwan and China, the company will extend production totals from 8,000 units per month to 10,000 units per month. The company also has the lofty goal of manufacturing 300,000 Transformer tablets in the second quarter; with aspirations of shipping 2 million tablets in 2011. The Transformer, which connects to a dockable keyboard, retails for $399 and comes with 16GB of on-board storage. More →

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