July 24 (Bloomberg) -- Cisco Systems Inc., the biggest maker of computer-networking equipment, plans to eliminate about 1,300 jobs, or 2 percent of the workforce, as Europe's debt crisis and sluggish corporate spending threaten sales.
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the UK-based NDS Group Limited, which provides technology and software to the pay-TV sector, by the internet company Cisco Systems, Inc. of the US.
The cuts announced Monday represent about two per cent of Cisco System Inc.'s payroll of 65,000 workers. The company, which employs 1,300 people at customer support, sales and service offices across Canada, declined to provide information on which ...
A number of companies such as Cisco Systems Inc have cautioned that tech spending may slow down in the second half of 2012 and companies such as Advanced Micro Devices Inc have warned that earnings would suffer.
... Sunday UTC (noon, Sydney time), which echoed wider and diffuse Internet problems that temporarily downed a clutch of well-known websites and services including Reddit, LinedkIn, FourSquare, Stumbleupon and Cisco Systems Inc. videoconferencing.