Cisco to cut 6,500 jobs, including execs

Cisco Systems Inc. announced that it plans to cut 6,500 employees, as part of efforts to lower costs.

The tech bellwether also said it was moving another 5,000 jobs to Foxconn Technology Group, as part of a sale of its manufacturing facility for set-top boxes in Mexico.

Cisco to cut 10,000 jobs

Cisco Systems Inc., the largest networking-equipment company, may cut as many as 10,000 jobs, or about 14 percent of its workforce, to revive profit growth.

The cuts include as many as 7,000 jobs that would be eliminated by the end of August. Cisco is also providing early-retirement packages to about 3,000 workers who accepted buyouts.

Cisco Said to Be Cutting as Many as 10,000 Jobs

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.

Cisco cutting 550 jobs, closing down Flip business

Cisco Systems Inc said Tuesday it would cut 550 jobs as part of a plan to exit aspects of its consumer business. The San Jose, Calif., technology firm said it will close down its Flip business and support FlipShare customers and partners with a transition plan.