Cisco Said To Be Mulling Huge Layoffs, With 14,000 Jobs Under Threat

Tom Mendelsohn, Ars Technica
Wed, 08/17/2016 - 7:09am

Cisco Systems is reportedly considering shedding its global workforce by nearly 20 percent with the lose of up to 14,000 jobs. According to multiple rumours, it's been claimed that the network kit giant is preparing to announce cuts to between 9,000 and 14,000 employees within the next few weeks, while early retirement packages are apparently already being offered to many staff. It comes as Cisco is expected to report its fourth quarter financial results on Wednesday. Read 5 remaining paragraphs | Comments

Topics: cisco systems read comments cisco jobs

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Cisco Said To Be Mulling Huge Layoffs, With 14,000 Jobs Under Threat

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