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Cisco to cut 6,500 jobs to boost profits

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 >>

Skype said to be firing execs to reduce payouts

Skype has started to fire several of its executives in an effort to reduce payouts from its Microsoft purchase, Bloomberg reported on Monday. Among the execs being let go are vice presidents Christopher >>