500 Sacked at Cisco
On Tuesday, Cisco sacked about 500 workers in one of those occasional “realignment” efforts. The company confirmed the cuts to AllThingsD.
“We routinely review our business to determine where we need to align investments based on growth opportunities,” Cisco spokeswoman Karen Tillman said. “This week, Cisco performed a limited restructuring that will impact approximately 500 employees, less than 1 percent of our population globally.”
It’s not clear where exactly Cisco swung the axe, but Networkworld, which first reported the layoffs, suggests that the employees most affected were involved with data center business development.