All Posts Tagged Tag: ‘Ciscos’

Cisco Layoffs And Guidance Send Stock Down Despite Earnings Hit

Cisco released its Q4 and fiscal year 2013 earnings on Wednesday, along with plans to lay off 4,000 employees. While the earnings managed to meet analysts’ expectations, the company’s stock is suffering on news of the job cuts. The layoffs, which the company is calling a “workforce rebalancing” will begin starting next quarter, and will amount to about 5% of …

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