Cisco Slashes Jobs To “Simplify” The CompanyVW Staff
In a sign of the times, networking equipment leader Cisco Systems, Inc. (NASDAQ:CSCO) has resorted to a cut in its workforce by almost 2 percent, which is approximately 1,300 jobs.
The result of slowing enterprise spending and the European sovereign debt crisis, the move shows how the company is fighting drooping sales and falling order quantities from the bigger corporates.
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