Cisco to cut about 1,300 jobs
| 
|
Network equipment maker Cisco Systems said on Monday that it plans to cut about 1,300 jobs as part of ongoing efforts to restructure the company.
"We are performing a focused set of limited restructurings that will collectively impact approximately 2 percent of our global employee population," the company said in an emailed statement.
These actions are part of a continuous process to simplify the company and assess the economic environment in certain parts of the world, it said.  Job cuts
Cisco had 65,223 employees at the end of its fiscal third quarter, according to its website.
Cisco last year started a plan to cut expenses by $1 billion in an effort to make the company leaner and more efficient. At the time, it said it planned to cut 15 percent of its workforce.
Cisco is due to report on its fourth quarter on August 15.
Reuters |
Tags: Cisco , Cisco Job Cuts , Cisco Systems , Cisco Restructuring , Cisco Employees ,
reddit
Mixx
Facebook
Twitter
Digg
delicious
MySpace
SPOTLIGHT
How To: Weed out bloatware from your Galaxy
23 May, 2013, 01:38 PM
23 May, 2013, 12:41 PM
Micromax launches quad-core A110Q Canvas 2...
23 May, 2013, 09:28 AM
Is Samsung 'mentally enslaving' Indian smartphone buyers...
17 May, 2013, 07:51 PM IST
Your Aadhaar card hasn’t reached you yet? Download e-Aadhaar
17 May, 2013, 01:09 PM IST
Indian girl invents device that can charge phone in 20 seconds
21 May, 2013, 10:33 AM IST
92 percent of Google Translate users are from outside US
20 May, 2013, 01:04 PM IST
tech2 live: The latest from Google I/O 2013
16 May, 2013, 01:56 PM IST
Google makes Apps for Business more affordable
23 May, 2013, 03:05 PM
Almost all new mobile malware targets Android Phones
23 May, 2013, 01:43 PM
UberMedia's new mobile ad platform uses your social media and location data
23 May, 2013, 12:19 PM
5 Online test prep sites for GRE
While GRE coaching classes are limited and not necessarily in every city,...
Your Aadhaar card hasn’t reached you yet? Download e-Aadhaar
To avoid all the hassle and with a view to make it convenient for...
We have 5 tech gift ideas that will help you find a gift that will...
_031812473474_160x90.jpg)
01 Nov, 2012, 10:05 AM IST
7.0
Wearable displays look super cool in sci-fi movies, but have failed to make a commercial success till now. Almost every year, we see prototypes shown off at exhibitions like CES...
HTC One up for pre-order for Rs 42,900, shipping to begin next week
Abhi Agarwal
Thu May 23, 14:55:08
Your vacation-bought HDTV could soon lose manufacturer support in India
Kapil Khanna
Thu May 23, 14:33:16
Muathaz Moidu
Thu May 23, 14:26:25
How To: Weed out bloatware from your...
HTC One up for pre-order for Rs 42,900,...
New Windows 8 ad takes a dig at iPad using
iBall launches 9.7-inch Slide Q9703 tablet
Crytek announces Xbox One-exclusive game...
Rockstar Games' The Warriors to come...
About Us | Site Profile | IBNLive News | IBNLive Hindi News | Cricket News | Indian Stock Market | Policy | T & C
Copyright © 2011, Tech2.com India - A Network 18 India Venture
Live TV | FEEDBACK | RSS | Latest Movie Songs | Play Online Games | Business Technology News & Videos | MTV India | IPL t20
