Cisco to cut 4000 jobs

GMT 23:50 2013 Wednesday ,14 August

Arab Today, arab today Cisco to cut 4000 jobs

Arab Today

Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce. "In order to execute on the portfolio investments and operational efficiency that we see in (fiscal 2014), we are rebalancing our resources with a workforce reduction," chief financial officer Frank Calderoni told analysts on a conference call.

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