Aug 14, 2014
Cisco Systems plans to cut 6000 jobs ...
Cisco Systems plans to cut 6000 jobs …
Cisco Systems came with the sobering news that the company plans to cut 6,000 jobs, or 8% of its global workforce. Cisco CEO John Chambers referred to the move as “a limited restructuring” and a “reallocation of resources” .
Chambers said the company will take a pre-tax charge between $250 million and $350 million in the first quarter of its 2015 fiscal year as a result of the restructuring,…
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