cisco layoffs

3 Signs We're Heading for a Recession

Zero jobs were created in August. Does that, by itself, augur another recession? Not necessarily -- but add the state of consumer confidence, and top it off with Wall Street skittishness, and all signs point to trouble ahead. Government economists, however, are predicting growth. Here's why they may be wrong.

Why Are Rich Companies Laying Off Poor Workers?

Several major corporations have been announcing layoffs in recent weeks, despite their fattening coffers. What accounts for all the pink slips? Consumers don't like them, nor do investors -- at least, not the farsighted ones. Here are the real reasons behind these puzzling, and troubling, terminations.

Will Big Layoffs Help Cisco's Stock?

Networking giant Cisco (CSCO) is not only one of the most important tech companies in the U.S. with a market cap of $94 billion, it is also one of...