Is it pinkslips time at Cisco? Predicting a significant drop in revenue for the fourth quarter, a JP Morgan analyst has reported that Cisco Systems Inc “could” soon announce a workforce reduction of 10 percent (this could be equal to about 6,600 employees).

http://itnews.idlefolks.com/cisco-may-announce-10-workforce-reduction-or-layoffs-of-6600-employees

Yahoo Inc is gearing up for its third round of mass layoffs in 14 months, signaling the long-slumping Internet company is still struggling to snap out of its financial malaise under a new leadership team.

http://itnews.idlefolks.com/yahoo-inc-is-gearing-up-for-its-third-round-of-mass-layoffs