(Reuters) — Cisco Systems Inc said it would lay off up to 5,500 employees, or nearly 7 percent of its workforce, as the world’s largest networking gear maker shifts focus to areas such as security, Internet of Things and cloud. Cisco’s traditional business of switches and routers has been struggling with sluggish demand from telecom […]
Cisco cutting 5,500 jobs, 7% of workforce, in shift away from switches and routers
Venture Beat - 17 Aug 2016 23:08
(Reuters) — Cisco Systems Inc said it would lay off up to 5,500 employees, or nearly 7 percent of its workforce, as the world’s largest networking gear maker shifts focus to areas such as security, Internet of Things and cloud. Cisco’s traditional business of switches and routers has been struggling with sluggish demand from telecom […]
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