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 technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.