Monday, July 23, 2012

Cisco cuts 2% of workforce

$CSCO continues to cut workforce.  After cuts in 2011, Cisco is cutting another 1300 in 2012.   
I think companies are continuing to cut costs. With the sluggish economy, most companies are producing all they need at this point.  And with revenues slowing, the only way to keep profits going is to cut costs.

Cisco cuts 2% of workforce
CNN MONEY | JULY 23, 2012

The networking giant has been trimming staff gradually over the last year or so... Read more

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