Cisco to axe 6,500 employees in massive restructuring
Networking giant Cisco Systems plans to lay off 6,500 employees as part of a massive restructuring plan, the company announced Monday.
The layoffs, which are one of the largest single layoffs this year and appear to be the largest single cut Cisco has ever made, amount to about 9 percent of Cisco’s total work force and 15 percent of executives at the vice president level and above. About 2,100 of those employees elected to participate … Continue Reading
Amgen grabs the axe, chops up to 2,600 jobs
Networking giant Cisco Systems plans to lay off 6,500 employees as part of a massive restructuring plan, the company announced Monday.
The layoffs, which are one of the largest single layoffs this year and appear to be the largest single cut Cisco has ever made, amount to about 9 percent of Cisco’s total work force and 15 percent of executives at the vice president level and above. About 2,100 of those employees elected to participate … Continue Reading
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