Cisco CEO Warns of Changes And Job Cuts

Home - eWeekEurope.co.uk (May 12 2011) Cloud Computing

1. Cisco’s missed targets will bring more changes and layoffs as it tries to get back on track Cisco Systems has warned of job cuts and more reorganisation inside the company as the networking giant looks to regain its footing after several difficult financial quarters. During a conference call to announced fiscal year 2011 third-quarter earnings, Cisco chairman and CEO John Chambers said that, while he is confident that the company will bounce back, the next few months will continue to be rough ones. (Read Full Article)

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