Jul

12

 Suddenly, after all these years they can not use the 5000 - 10,000 workers. Even if (which is usually total BS) the average comp was 100k and they did save a billion.

Goes back to my 10 year discussion we have had on this list going back to INTC and Andy Grove's mumbo: "America doesn't produce enough engineers" Yeah, that will work for 15 bucks an hour.

Read the full article here:

Cisco Systems Inc. (CSCO), the largest networking-equipment company, may cut as many as 10,000 jobs, or about 14 percent of its workforce, to revive profit growth, according to two people familiar with the plans.


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