Borders story here.
Borders Group will liquidate its remaining assets after efforts to find a buyer fell through, the bookstore chain announced Monday.
The nation's second largest book seller currently operates 399 stores and employs approximately 10,700 workers.
Cisco story here.
Cisco announced plans on Monday to lay off 9% of its workforce and to transfer another 7% of its staff to another company in a sale of one of its businesses.
The networking giant said it would hand out pink slips to 6,500 employees, including 2,100 who volunteered for early retirement packages.
In June, 2011, according to the US government only 18,000 new jobs were created across the US, one of the most horrendous jobs report in this recession. Today, we have lost almost that many jobs: 17,200.
