That’s about 5% of its work force.
The news comes as the company reported earnings for last quarter. It earned $2.23 billion at $0.42 per share. Revenue was $12.42 billion, up 6% year over year, right in line with expectations. In a conference call announcing the company’s earnings, CEO John Chambers blamed the firings on the slow economy. The stock is tanking in after-hours trading. It’s currently down about 10%.
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