10,000 job cuts loom at Cisco

Cisco Systems Inc. might cut 14 percent of its workforce, or 10,000 jobs, to restore profit growth, Bloomberg reports.

About 7,000 of the cuts could come by the end of August, with the remaining 3,000 coming from buyouts.

Cisco is being pushed hard by rivals Hewlett-Packard Co. and Juniper Networks Inc. Both have taken market share for routers and switches from Cisco.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above.

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.


contracts DB