Cisco Systems to lay off about 14,000 employees - CRN

08/16/2016 21:23

Aug 16 (Reuters) - Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.

San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. (http://bit.ly/2bEQfa3)

Cisco was not immediately available for comment. (Reporting by Ankit Ajmera in Bengaluru; Editing by Sandra Maler)

08/16/2016 21:23

© Copyright Reuters Ltd. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Reuters Ltd.

News, Photo and Web Search

FEATURED SOFTWARE DISCOUNT!

Each month, WUGNET selects great software discounts exclusively for members of the Gadgets and Tech Channel. Save 30% Remo Recover for Android™ Remo Recover for Android is specially designed to recover data from Android phones. The application vigorously scans both the internal and external phone memory of the device, to identify lost or deleted files, including Android application package files (APK), and restores them for reuse. Click here to see the latest offer or coupon and save money on great software.