China's Baidu Reaches A Deal, Cisco Confirms Layoffs
July 19, 2011 3:07:00 am
China's top Internet search engine Baidu has reached an agreement with Sony, Universal and Warner to distribute music through a site called One Stop China. And to Silicon Valley, where the Internet equipment giant Cisco has confirmed it's laying off staff. The company is trying to boost profits, so it's cutting 6,500 jobs.