CISCO TO CUT UP TO 10,000 EMPLOYEES

Cisco could cut as many as 10,000 jobs — 14% of the company’s employees — in an effort to boost profits, Bloomberg reported on Tuesday. 3,000 Cisco employees accepted buyouts and early retirement packages, which will cost Cisco between $500 million and $1.1 billion during the fourth quarter. While the layoff plans aren’t final, 7,000 more jobs could be cut by the end of August. The move comes as analysts predict that Cisco’s router and switches business will continue to slide into next year, and the company believes the job cuts could save it as much as $1 billion during 2012. “We will provide additional detail on the cost reductions, including layoffs, on our next earnings call,” Cisco spokesperson Karen Tillman said. The call is scheduled for early August. On April 12th, Cisco announced that it was restructuring its consumer business and killing off its Flip video camera arm.

CISCO SHOWS OFF THE LINSYS E4200 DUAL BAND ROUTER; SPEEDS UP TO 450Mbps CAPABLE

Cisco has continued its push to make home entertainment wire-free with its latest E-Series wireless router, the Linksys E4200. Cisco's new dual-band 802.11n rig enters a high-end market segment currently occupied by the TRENDnet TEW-692GR. Both routers utilize a 3x3 Multiple Input Multiple Output (MIMO) configuration for a max throughput of 450Mbps on the 5GHz band, and while the E4200 only reaches speeds of 300Mbps at 2.4 GHz (as compared to the TEW-692GRs 450Mbps) it should still be quite the video streaming powerhouse. As we've seen in previous Cisco offerings, the company's latest has USB connectivity and UPnP media server capabilities to add network storage and share all of your movies and music. Additionally, the E4200 packs technology similar to that seen in other routers, which allows users to prioritize bandwidth for movies, voice, or music. To keep everyone connected, it has 4 Gigabit Ethernet ports, six antennas, and several internal and external signal amplifiers to provide coverage for even the most palatial of estates. For those itching to pair a performance router with their new internet capable TV, the E4200 is priced at $179.99 and is currently available at Best Buy. [Engadget]