Cisco Systems is on the move to reduce its cost and increase profits. This appears to be good for the company but a bad part for the employees that will be affected.
The company is reported to lay off its global workforce by 2%, which means 1,300 positions will be removed.
According to Karen Tillman, spokesperson of Cisco, said, “part of our plan to drive simplicity, speed of decisions and agility across Cisco,” “We routinely review our business to determine where we need to align investment based on growth opportunities.” she added.
This lay off announcement made by . . . → Read More: Cisco on the Move for Increasing Profits – Lay Off 1,300 Employees
Google has confirmed it snapped a bunch of IBM copyrights, in a move that is considered to be self-protective against the increasing quantity of IP-based lawsuits. The 1,030 copyrights acquired cover a broad range of technologies, SEO by the Sea rumors, including memory and microprocessor chip fabrication/architecture, server and router plan, and software programming like relational databases, object oriented programming and more.
The spokesperson of Google said, though refused to expose the financial details of the agreement with IBM, “Like many tech companies, at times we’ll acquire patents that are relevant to our business.”
. . . → Read More: Google Purchases 1, 030 IBM Patents For IP Catalog Strengthening
The manufacturer of Chinese telecom equipment, Huawei has won a beginning injunction from a U.S. court excluding Motorola Inc. from moving business coverts in a premeditated contract with Nokia Siemens Networks.
The federal judge in Chicago order on Tuesday forbids Motorola, which is a seller of Huawei equipment, from moving some off the record information concerning the Chinese company pending resolution of the argument.
Previous month, Huawei Technologies Ltd. filed a complaint saying projected $1.2 billion sale of Motorola of its network equipment business to Nokia Siemens Networks, a Finnish-German joint business enterprise, would . . . → Read More: China’s Huawei Succeeds in Banning Motorola