Click to Skip Ad
Closing in...
  1. Surge Protector Amazon
    15:01 Deals

    Brilliant $30 Amazon find expands a power outlet without an ugly power strip

  2. Kasa Smart Home Sale
    12:05 Deals

    Amazon’s massive Kasa smart home sale has deeper discounts than Prime Day

  3. Amazon Deals
    10:12 Deals

    Today’s top deals: $50 soundbar, Alexa in your car for $20, $90 Ring Doorbell 2, $23…

  4. Best Beach Towels For Sand
    09:02 Deals

    You’ll never go to the beach again without this $17 Amazon find from a viral TikTok

  5. Screwdriver Set Amazon
    13:47 Deals

    Amazon shoppers rave about this 22-in-1 screwdriver set that’s down to $18 today




Cisco to cut 6,500 jobs to boost profits

July 20th, 2011 at 3:14 AM

Cisco announced on Tuesday that it will layoff 9% of its workforce, or 6,500 jobs, in an effort to boost profits. That figure is lower than original speculation that the company would cut 10,000 employees. Cisco made the move as part of an effort to cut $1 billion in annual costs while spurring profit growth, Bloomberg reported. 2,100 of the 6,500 employees have agreed to an early-retirement program. Additionally, Cisco plans to sell a Juarez, Mexico-based manufacturing facility to Foxconn. The move will transfer 5,000 workers elsewhere but will not result in job cuts. Earlier this year, the company laid-off 550 additional employees when it announced that it was killing off its Flip camera arm in an effort to restructure its consumer business.

Read




Popular News