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Submission + - Cisco to cut 4,000 jobs despite strong profits->

davester666 writes: "Network equipment giant Cisco Systems has announced plans to cut 4,000 jobs, about 5% of its workforce.
The news came after it reported net income of $2.3bn (£1.5bn) in the fourth quarter, up from $1.9bn a year earlier."

Translation: The CEO is having some trouble buying Airplane Gas for his car.

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