at Zacks.com (Nov 18, 2014)
Cisco (CSCO) cut ~500 jobs (less than 1% of its workforce) this week, something the networking giant calls "a limited restructuring." Sources tell Network World "officials involved in Cisco's alliance with EMC" and other data center initiatives were affected. Cisco blogger/critic Brad Reese reports hearing 3 execs tied to the EMC partnership were among those laid off. Both Cisco and EMC execs recently had good things to say about their VCE JV, but the business has seen big cumulative losses, and the Cisco/EMC partnership has become thornier as of late.