Cisco to cut over 1,300 jobs
24 July 2012
The US-based network manufacturer Cisco Systems has announced plans to cut its workforce by 1,300, as part of plans to reduce costs and restructure the company.
Last year Cisco began a process that it hopes will cut expenses by $1 billion with the intention of making the company leaner and more efficient. This includes plans to cut 15% of its workforce.
Cisco currently employs around 65,000 employees, and the latest cuts represents around 2% of its global workforce.
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