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    Cisco cuts workforce to get back on track

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    euronews (in English)

    by euronews (in English)

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    Cisco Systems plans to cut 11,500 people - 15 percent of its workforce - and sell a factory in Mexico that makes set-top boxes for TVs. The moves to reduce annual expenses by more than 700 million euros are part of the network equipment maker's efforts to revive its fortunes. ... http://www.euronews.net/