Cisco To Cut Thousands Of Jobs. The tech giant may be cutting 'thousands' of jobs as early as next week after its upcoming earnings call on February 14 Cisco had already announced one major round of layoffs back in February, when it said it was eliminating about 4,000 jobs, or 5% of its workforce
from
(Reuters) -Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources. Cisco's layoffs come just two weeks after chipmaker Intel Corp
Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of. Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of. Cisco's layoffs come just two weeks after chipmaker Intel Corp
. (Reuters) -Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources. Feb 9 (Reuters) - Network giant Cisco , opens new tab is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas.
. Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of. Intel's quarterly earnings report disappointed investors and its stock took a nosedive following the announcement.