Tuesday, July 12, 2011

Cisco may cut up to 10,000 jobs - The Boston Globe

Big changes ahead for Cisco

Cisco chief executive John Chambers is slashing jobs and exiting less profitable businesses as competitors such as Juniper Networks Inc. and Hewlett-Packard Co. take market share in Cisco’s main businesses with lower-priced, simpler products. Sales of Cisco’s switches and routers, which made up more than half of revenue last year, will continue to slip, said Brian Marshall, an analyst at Gleacher & Co.

Cisco may cut up to 10,000 jobs - The Boston Globe

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