Cisco to cut 4,000 jobs despite strong profits

Network equipment giant Cisco has announced plans to lay off 4,000 workers, despite reporting stronger than expected earnings. Cisco reported net income of $2.3bn (£1.50bn) in the fourth quarter, up from $1.9bn a year earlier. via Pocket http://www.bbc.co.uk/news/business-23702264#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa