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Cisco's recent woes are more a reflection


The staggering job reduction, which amounts to 9% of the company's workforce, was announced after financial markets closed Monday. It is the largest at Cisco CSCO since March 2001, when it shed 6,000 full-time workers and 2,000 contractors.Cisco said it intends to notify affected workers in the U.S.A senior engineer at a North American compressor manufacturer said: 'Too much lubricant and the compressor does not cool properly; but too much refrigerant and the compressor's life is shortened by bearing wear., Canada and other countries in the first week of August. Nearly one-third of the layoffs ¡ª 2,100 ¡ª came after employees accepted an early-retirement offer that Cisco announced in the spring. In regular trading, Cisco shares dipped 1% to $15.44.

Cisco also announced the sale of its set-top-box-manufacturing facility in Juarez, Mexico, to Chinese electronics manufacturer Foxconn Technology Group. That plant's approximately 5,000 employees ¡ª whom Cisco took on after it bought Scientific Atlanta in 2006 ¡ª will work for Foxconn. No job losses are expected at the facility, Cisco said.I want to extend a huge thank you to our big-hearted and generous Hospice of Homer volunteers. The thank you gifts you offer community members through your volunteering is truly amazing and a blessing.
Last week, Cisco CEO John Chambers discussed the framework for jostling the networking giant out of its financial doldrums in a keynote speech at Cisco's annual customer convention in Las Vegas.

The big layoff is the latest drastic move by Cisco to cut cost overruns after a series of lackluster earnings reports.In the world of gizmos, the most notable waterproof products are water resistant underwater digital camera - devices often used outdoors in the summer.If you are an outdoorsy, adventurous photographer, the TG-810 comes with a built-in GPS and electronic compass. Chambers has announced a management overhaul. The company shuttered its Flip handheld camera division in April, trimming 550 jobs. And Cisco has vowed to cut back on other underperforming business units.

In its most recent quarter, Cisco reported a $1.8 billion profit on revenue of $10.9 billion, but its profit plunged 17% from the same quarter a year ago. Cisco will report quarterly results Aug. 11.Cisco is one of Silicon Valley's largest employers. Despite the elimination of 2,000 jobs in 2009, it had been one of the first companies to emerge from the recession with a bullish outlook. Indeed, Cisco added nearly 5,000 workers last year while expanding operations and stepping up acquisitions.