Cisco Systems Inc. cut several hundred jobs this week in the first wave of a planned 2,000-employee layoff. San Jose-based Cisco cut 250 jobs at its headquarters and said other jobs in U.S. and foreign offices were eliminated as well. An exact figure wasn't disclosed.
In a statement, Cisco said it "is constantly evaluating its business priorities, resources and overall employee alignment as part of our business management process. Cisco, which ended the January quarter with approximately 64,000 employees, said more cuts would follow.
Friday, February 27, 2009
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