Cisco to slash 6,500 jobs - Mobile World Live

Cisco to slash 6,500 jobs

19 JUL 2011

Cisco has made good on a pledge to significantly trim its work force to improve the company’s profitability, disclosing plans to shed 6,500 employees, or 9 percent of its workforce, reports the Wall Street Journal.  The networking giant said the cuts will result in US$1.3 billion in restructuring charges over several quarters. About 2,100 employees are leaving the company as a result of a voluntary early-retirement program, Cisco said, while the rest will be laid off.


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