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Thursday, 18 August 2016

Cisco Systems to cut 14,000 jobs: Report


San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. 


Cisco, which had more than 70,000 employees as of April 30, declined to comment.


Cisco Systems is laying off about 14,000 employees, representing nearly 20% of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.

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