Cisco (CSCO -1.7%) is laying off another 1,300 workers, or 2% of its workforce, Bloomberg...

Cisco (CSCO -1.7%) is laying off another 1,300 workers, or 2% of its workforce, Bloomberg reports. The layoffs follow last year's huge restructuring, in which Cisco slashed 6,500 jobs. Cisco critic Brad Reese passes on an unconfirmed rumor that the company's WAN optimization hardware team was hit - if true, that would be a positive for market leader Riverbed (RVBD -3.9%)
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Comments (2)
  • J 457
    , contributor
    Comments (1000) | Send Message
    Save the workers and cut senior management salary instead. I'm sure they can afford it. Not too many green shoots to support today's buying action- market should be down 300-400pts.Markets down on Friday followed by down Monday 2/3 last weeks is bad omen. Beware of trap.
    23 Jul 2012, 04:14 PM Reply Like
  • Herbhh
    , contributor
    Comments (18) | Send Message
    Yes I agree, Cut Upper management salaries/ They are over paid and way too many layers. Their management structure is too redundant, too many managers doing the same thing. Too much fat on the Supply Chain group.
    24 Jul 2012, 12:22 AM Reply Like
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