Cisco reduces its workforce by 500

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

As a part of its global restructuring plan, the networking company Cisco has reportedly reduced its workforce by about 500 people.

According to a spokesperson from Cisco, “We routinely review our business to determine where we need to align investments based on growth opportunities. Cisco performed a limited restructuring that will impact less than 1 percent of our population globally. These actions are subject to local legal requirements, including consultation, where required."

As a significant effect of the layoff, Cisco's alliance with EMC and other data center business development initiatives are expected to be affected, sources informed.

Presently, Cisco's workforce stands at about 73,000 people worldwide.Karen Tillman, a spokeswoman for the company said that the employees have already been notified.....See More