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
 

Bad Blood


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

Bookmark and Share
   




FIJI NEWS
Man stabs de-facto wife to deathA 50-year-old man is in police custody for allegedly stabbing his 33-year-old de-facto wife to death last night.
BUSINESS
Fijian economy records consecutive growthThe Fijian economy recorded its sixth consecutive year of expansion in 2015, with the economy growing by 4.0 percent while also noting its third successive year of growth above 4.0 percent.
TECHNOLOGY
Fiji receives ICT awardFijis efforts in harnessing its ICT sector has been recognised by the International Telecommunications Union and Prime Minister Voreqe Bainimarama yesterday received the ICTs in Sustainable Development Award in New York.
ENTERTAINMENT
Band Of Horses new album Why Are You Ok out JuneIn the past, Band of Horses founder and leader Ben Bridwell would literally run away from home to write while holing up in a secluded cabin or other such remote location, emerging months later with new songs for his band to flesh out and fully animate.
SPORTS
Verevou nets double in Fiji U23 lossVodafone Fiji U23 striker Iosefo Verevou got a brace of goals as the team lost its second match of the Brazil tour 4-2 against Parana Clube today.
WORLD
Pope prays for peace in Syria, KoreaPope Francis prayed for a "political solution" in Syria and for "reconciliation" on the Korean peninsula in his first Easter Sunday message in front of a crowd in St Peter's Square.
NEWS SPORTS INFOTAINMENT MOBILE HOT TOPICS FOLLOW US ON