Fewer people living paycheck-to-paycheck: Thirty-six percent of people say they will put their tax refunds into savings, according to a new CareerBuilder survey. That’s up from the 34% who planned last year to save their refunds. The percentage of people who are using their refunds to pay bills dropped from last year, going from 56% to 46%. CareerBuilder notes that workers are feeling a little more financially secure: While 77% percent of the people they polled last spring said they were living paycheck-to-paycheck, 61% now say they are in that situation. The survey is based on a CareerBuilder poll of more than 3,900 adults at the end of 2010.
Move will eliminate 550 jobs: Cisco Systems Inc. is exiting parts of its consumer businesses, with plans to shut its Flip video camera business. The announcement by the world’s biggest maker of computer-networking gear today comes just a week after CEO John Chambers sent a memo to employees vowing to take “bold steps” to narrow the company’s focus. Cisco, which is facing stronger competition from rivals in its core business, says it will realign its remaining consumer business to support four of its five key priorities—core routing, switching and services; collaboration; architectures; and video. The San Jose, Calif., company anticipates its consumer business shakeup will result in the loss of 550 jobs and restructuring charges of no more than $300 million in its fiscal third and fourth quarters.
