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Networking equipment company Cisco Systems Inc could eliminate as many as 10000 jobs, or about 14 percent of its workforce, to revive profit growth, Bloomberg said, citing two people familiar with the matter.

These cuts are far greater than the ones Cisco announced on its last disastrous earnings call. They represent 14% of the company's workforce and are designed to boost Cisco's earnings growth, which has been disappointing as sales have ...

Cisco is full of fat and needs some cuts. I work with them a lot and I guarantee that in most interactions 30% of the people there these days are useless idiots. After they get past this cut it will end up being good for them, ...


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