sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
INTERNATIONAL BUSINESS NEWS
July 25, 2012 12:00:00 AM
  Follow @ Twitter

US computer network giant Cisco Systems said today it was cutting 1,300 jobs, or two percent of its global workforce, in response to an uncertain economic outlook.

The California tech firm, seen as a bellwether for the industry, said it was carrying out "a focused set of limited restructurings" that include the job cuts.

"We routinely review our business to determine where we need to align investment based on growth opportunities," the San Jose, California firm known for its Internet hardware, in a statement.

"Additionally, we continue to evaluate our organizational structure as part of our plan to drive simplicity, speed of decisions and agility across Cisco."

The statement added: "As we focus on both of these efforts, we are performing a focused set of limited restructurings that will collectively impact approximately two percent of our global employee population.

"These actions, subject to local legal requirements, including consultation where required, are part of a continuous process of simplifying the company, as well as assessing the economic environment in certain parts of the world."

In its most recent quarter, Cisco posted a profit of $2.2 billion on $11.6 billion revenues, but shares tumbled at the time on a weaker-than-expected outlook.

Cisco shares were down 1.8 percent at $16.07 in the regular session on Wall Street Monday, from recent highs in April above $20.

AFP
 

Wiggle


PREVIOUS STORY
Apple, Samsung score partial court victories
NEXT STORY
News Corp shakes up Fox leadership

Bookmark and Share
   




FIJI NEWS
Ratu Inoke meets with Indonesian counterpartFiji's Minister for Foreign Affairs, Ratu Inoke Kubuabola met with his Indonesian counterpart Retno L. P. Marsudi in Jakarta to discuss efforts to further deepen ties between the two countries.
BUSINESS
Strong boss of Fiji-NZ Business CouncilPacific Agencies Fiji Limited’s (PAFL) General Manager Craig Strong has been appointed President of the Fiji New Zealand Business Council.
TECHNOLOGY
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
HEALTH/FITNESS
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
SPORTS
Fijiana out of Cup raceNew Zealand proved too good underlining their earlier win in the pool rounds by a 26-5 victory over Fiji in their Canada 7s Cup quarter-final match-up, forcing the national side to the Plate competition.
LIFESTYLE/FASHION
Fiji Link receives ATR72-600 aircraftFiji Airways, Fiji’s national airline, today received its latest ATR72-600 aircraft for its domestic subsidiary Fiji Link.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS