Cisco to cut another 1,300 jobs
SAN FRANCISCO—Networking giants Cisco Systems Inc. said Monday (July 23) it plans to cut about 1,300 more jobs in connection with ongoing restructuring at the company, according to reports.
In an emailed statement, Cisco said the job cuts would impact about 2 percent of the company's global work force, according to a report by the Reuters news service. Citing the company's web site, the Reuters report said that Cisco had about 65,223 employees at the end of its fiscal third quarter.
Last July, Cisco cut about 6,500 jobs as part of a restructuring plan intended to help the company reduce about $1 billion in annual costs.