A research analyst says Cisco (CSCO -0.5%) is in the middle of cutting 1,500-2,000 jobs, which...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

A research analyst says Cisco (CSCO -0.5%) is in the middle of cutting 1,500-2,000 jobs, which would mean it will surpass its own expectations of cutting $1B a year in expenses.