Today in Connected Consumer
Cisco continues what has been a very tough 2011, announcing layoffs of 6500 folks or about 9% of its workforce. The company, which unceremoniously killed its Flip camera division a few months ago, is still working on trying to adjust its costs to fit what is a slowing business for high-priced networking hardware. The company will likely continue to struggle in coming years, in part due to the fast it hasn’t shown any real aptitude in diversifying into non-hardware based businesses, and network infrastructure is a mature industry that is being increasingly commoditized by the likes of Huawei and others.
