{"id":29589,"date":"2012-07-25T22:56:21","date_gmt":"2012-07-26T02:56:21","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29589"},"modified":"2012-07-25T22:56:21","modified_gmt":"2012-07-26T02:56:21","slug":"cisco-plans-to-cut-1300-jobs","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/07\/25\/cisco-plans-to-cut-1300-jobs\/","title":{"rendered":"Cisco Plans to Cut 1300 Jobs"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vbebb55fa029b7ddce4329bf8a8202d787e2611d4&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vbebb55fa029b7ddce4329bf8a8202d787e2611d4&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>7-24-2012- From Fnno.com, you&#8217;re watching the Financial News Network. Cisco Systems Inc. (NASDAQ:CSCO) announced plans to eliminate around 1300 jobs, or 2% of its workforce, in an attempt to cut costs for the struggling company.Cisco, the largest computer-networking equipment maker, has seen its shares fall 11% this year. According to CEO John Chambers, reasons for the losses range from the Euro-zone debt crisis to smaller-than-expected orders from corporate customers. Last year, Chambers eliminated around 6,500 jobs. Cisco&#8217;s stock has fallen 4.82 percent to $15.30 in morning trading. For more on the latest business news, follow us on Twitter @FNNOnline or check out our website at fnno.com<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/07\/25\/1_rt8afz1u_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/07\/25\/1_rt8afz1u_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>7-24-2012- From Fnno.com, you&#8217;re watching the Financial News Network. Cisco Systems Inc. (NASDAQ:CSCO) announced plans to eliminate around 1300 jobs, or 2% of its workforce, in an attempt to cut costs for the struggling company.Cisco, the largest computer-networking equipment maker, has seen its shares fall 11% this year. According to CEO John Chambers, reasons for &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/07\/25\/cisco-plans-to-cut-1300-jobs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cisco Plans to Cut 1300 Jobs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29589","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29589"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29589\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}