Cisco announced that it’s removing the video camera arm of its business, which produces the pocket-sized Flip camera. The cut will lose 550 jobs and is only the beginning of a series of moves Cisco CEO John Chambers plans to enforce. Cisco will refocus its company on what it does best: providing enterprise network, IT and video solutions. Read the full article at Bloomberg.com
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.