Cisco may be madly enthusiastic about its Cius tablet, but investors aren't so keen, and so the company has has officially confirmed plans to axe 6,500 jobs in an attempt to save $1bn every year. According to a recent SEC filing, Cisco is cutting 9-percent of its workforce after attempts to stem the flow of cash losses by shutting down the Flip camcorder business failed to convince shareholders that the company was taking its core networking business seriously.
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