Cisco is axing 4,000 jobs, or roughly five percent of its workforce, citing the “challenging” global economic climate. [New York Times]
Peter X. Deng, one of Facebook’s most popular product managers, is assuming a similar role at Instagram. He’ll report to CEO Kevin Systrom. [The Verge]
Perhaps there is some good news for BlackBerry: Its 9,000 patent-stash is valued around $2 to $3 billion. [ZDNet]
Try to contain your excitement, but ad-free Twitter knockoff App.net has raised another $2.5 million from Andreessen Horowitz. [TechCrunch]
Betaworks’ addicting app Dots is rolling out Android and Amazon Fire versions today. There’s also a new mode called “Moves” that limits you to 30 swipes with no time limit. [AllThingsD]