Cisco
Cisco To Fire 10,000 People: Cisco is planning to fire as many as 10,000 people, Bloomberg reports According to the plans, which have yet to be finalized, the company will can 7,000 employees by the end of August. Another 3,000 have accepted buyouts. Ref. Source 6
Cisco (Hover)
Cisco sued over torture of Chinese dissidents
Cisco, one of the world's largest technology companies, is being sued by Chinese political prisoners for allegedly providing the technology and expertise used by the Chinese Communist Party to monitor, censor and suppress the Chinese people. Ref. Source 2
Tech giant to lay off 4,000 workers, company announces as it releases earnings. Its stock dropped 9% in after-hours trading. Ref. USAToday