maria luz calibo
Jul 12, 2011

Biz Break: Cisco's layoff plans, Apple's patent maneuvers and Google+ problems

Silicon Valley was shaken today by an analyst's report that Cisco might be planning up to 5,000 layoffs in August to bring down its operating expenses. The San Jose tech powerhouse has lost market share in its core networking business since other companies, such as Hewlett-Packard (HPQ), have undercut their prices while Cisco was diversifying into other commercial tech...