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Cisco to cut 1,300 jobs

by on24 July 2012

Restructuring they say

Network specialists Cisco are planning to cut 1,300 jobs, or about two percent of the company’s workforce worldwide.

Cisco issued a brief statement on Monday, saying that it will implement a focused set of “limited restructurings,” which will result in job cuts. Cisco pointed out that it routinely reviews its business and organizational structure as a plan to drive simplicity, speed and agility across the company.

The plans will affect about two percent of the workforce and the layoffs will be carried out in accordance with local legal requirements, including consultation where necessary.

More here.

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