Cisco Sums It Up: Terminates 8% Of Workforce While Buying Back $1.5 Billion In Stock

http://www.zerohedge.com/news/2014-08-13/cisco-quarter-nutshell-terminating-6000-while-buying-back-15-billion-stock

since 2011 Cisco has repurchased $21.9 billion in stock. Since then, it has fired 21,000 people.
Bottom line: terminate the workers, reward the shareholders, courtesy of the Fed's ZIRP policy allowing Cisco to issue debt at virtually zero cost. Thank you Bernanke.