Cisco confirms it will cut up to 5,500 jobs, or 7% of its global workforce

Matthew Lynley posted: "We caught wind earlier this week that Cisco was planning a major cost-cutting operation to reduce its costs by around 15% throughout the month. It looks like the first stage of that is a round of cut jobs, with Cisco announcing as part of its earnings rep"

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Cisco confirms it will cut up to 5,500 jobs, or 7% of its global workforce

by Matthew Lynley

We caught wind earlier this week that Cisco was planning a major cost-cutting operation to reduce its costs by around 15% throughout the month. It looks like the first stage of that is a round of cut jobs, with Cisco announcing as part of its earnings report that it will cut up to 5,500 jobs, […]

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Matthew Lynley | August 17, 2016 at 1:24 pm | Tags: Cisco | Categories: Enterprise, TC | URL: http://wp.me/p1FaB8-5KE1

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