Cisco's Cloud-Based Video Conferencing Changes Name

- Alert) said it will cut about 1,300 jobs – or two percent of its workforce – as part of its restructuring of the company, TMCnet reported.

“We are performing a focused set of limited restructurings that will collectively impact approximately two percent of our global employee population,” the company said in an e-mailed statement.

Last year, Cisco started a plan to cut expenses by $1 billion in an effort to make the company leaner and more efficient, which included cutting about 10,000 jobs in July 2011. Last spring, the company said it planned to cut 15 percent of its workforce.

In its earnings statement in May, Cisco reported Q3 net sales of $11.6 billion, net income of $2.2 billion and non-GAAP net income of $2.6 billion.

To find out more about David Tucker, Vice President and General Manager Small Business Business Unit (SBBU), and Cisco, visit the company at ITEXPO West 2012. To be held Oct. 2-5 at the Austin Convention Center in Austin, TX, ITEXPO (News - Alert) is the world’s premier IP communications event. Tucker will be a keynote speaker at the event. For more information on ITEXPO West 2012 click here.

Edited by Brooke Neuman




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