Cisco Job Cuts, Cost Reduction

Cisco Job Cuts, Cost Reduction Play

July 12 (Bloomberg) -- Shaw Wu, an analyst with Sterne, Agee & Leach Inc., discusses Cisco Systems Inc.'s plans to cut jobs. 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. Wu speaks with Adam Johnson and Scarlet Fu on Bloomberg's Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)

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