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Cisco to Shed 2 Percent of Workforce Worldwide

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http://www.thevarguy.com – Cisco Systems (NASDAQ: CSCO) said it will let go 2 percent of its workforce, or an estimated 1,300 of its 65,000 employees worldwide, as a “routine” action to improve its decision-making and agility. According to published reports, the cuts are tied to Cisco’s larger cost-cutting measure to save $1 billion over several years, including the demise of about 10,000 jobs last year. In confirming the layoffs, Cisco issued a statement that read: “We routinely review our business to determine where we need to align investment based on growth opportunities. Additionally, we contin (IT news)