Monday, July 23, 2012

Cisco Eliminates 1,300 Jobs

Cisco will eliminate 1,300 jobs -- roughly 2% of its global workforce -- as a cost-cutting measure.

Cisco's next quarterly financial report is expected August 15.

  • In July 2011, Cisco announced a workforce reduction of approximately 6,500 employees, including approximately 2,100 employees who elected to participate in a voluntary early retirement program.

See also