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Cisco to cut up to 5,500 jobs


Cisco to cut up to 5,500 jobs

US tech giant Cisco Systems is cutting up to 7% of its global workforce, or 5,500 jobs, starting this summer.
A report had suggested earlier in the day that the firm could cut as many as 14,000 jobs worldwide.
Cisco said it was taking the “decisive” move so it could reinvest in faster-growing areas such as security and cloud computing.
The US company employs about 70,000 people globally, with around 5,000 in the UK.

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Posted by Calibre Web Team  Posted on 18 Aug 
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