Updated Aug. 15, 2013 at 8:06 a.m.

Premium Lock Cisco's layoff bombshell: 'If the environment is improving ...'

Published: 2013-08-15 07:58:00
Updated: 2013-08-15 08:06:40

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After numerous upbeat comments from Cisco's chairman and CEO, its CFO discloses in an earnings call that the networking giant is cutting 4,000 jobs. An analyst kicks off the ensuing Q&A sessions with a "blunt question:" Why the cuts?...

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