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Cisco to kill Flip Video, lay off 550 employees

By Emil
Apr 12, 2011
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  1. As part of the company's comprehensive plan to align its operations, Cisco has announced that it will exit aspects of its consumer businesses and realign the remaining parts to support four of its five key company priorities: core routing, switching/services, collaboration, architectures, and video. The move is part of a larger strategic decision to trim down the company's money-losing divisions. More specifically, Cisco will:

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  2. Less than 1%, not less than 0.01%.

    Cheers.
     

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