Cisco stock plunges after news of job cuts - WSPA.com

Cisco stock plunges after news of job cuts

Posted: Updated:
Associated Press Associated Press
RTP, N.C. -

Cisco stock plunged 7 percent Thursday after the company announced Wednesday it would cut 4,000 jobs.

USA Today reported the company was cutting the jobs despite an 18 percent profit growth.

Cisco's corporate headquarters are in San Jose, California, but has a campus in Research Triangle Park in North Carolina.

There is no word on how many of the 4,000 jobs will be cut from the Triangle location. More than 2,000 people work at the office in RTP.

 

MOST POPULAR STORIES

  • Top StoriesTop StoriesMore>>

  • Self Regional Laptop With Patient Info Stolen

    Self Regional Laptop With Patient Info Stolen

    Friday, July 25 2014 1:43 PM EDT2014-07-25 17:43:24 GMT
    Photo courtesy Self Regional HealthcarePhoto courtesy Self Regional Healthcare
    Self Regional Healthcare in Greenwood reports a hospital laptop was stolen two months ago and is now warning patients their personal information may be at risk.
    Self Regional Healthcare in Greenwood reports a hospital laptop was stolen two months ago and is now warning patients their personal information may be at risk.
  • Greenville Rally Against Hatred Scheduled In Response To KKK

    Greenville Rally Against Hatred Scheduled In Response To KKK

    Friday, July 25 2014 11:16 AM EDT2014-07-25 15:16:29 GMT
    Greenville will host its first ever Unity Rally Against Hatred on July 26th.Greenville will host its first ever Unity Rally Against Hatred on July 26th.
    The first Unity Rally Against Hatred will be held at the Hughes Main Library in Greenville on July 26th to address the motives of the KKK.
    The first Unity Rally Against Hatred will be held at the Hughes Main Library in Greenville on July 26th to address the motives of the KKK.
  • Train Derailment Causes Ethanol Cars To Flip Over In Spartanburg

    Train Derailment Causes Ethanol Cars To Flip Over In Spartanburg

    Friday, July 25 2014 7:11 AM EDT2014-07-25 11:11:28 GMT
    Police, Fire, and Hazmat Officials in Spartanburg are at the scene of a train derailment involving cars carrying ethanol that happened near Daniel Morgan Avenue early on July 25th.
    Police, Fire, and Hazmat Officials in Spartanburg are at the scene of a train derailment involving cars carrying ethanol that happened near Daniel Morgan Avenue early on July 25th.
Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.