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Cisco to lay off 11-16% of it's workforce

  • Thread starter Thread starter pm
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pm

Elite Member Mobile Devices
This is only loosely "General Hardware" related, but since there are a couple of members here that work at Cisco I thought it was worth posting. The article is here

The key part of the article are these lines:
In a dramatic acknowledgment of the severity of the economic slowdown, Cisco Systems of San Jose said it will cut between 5,500 and 8,000 temporary, contract and full-time jobs through a combination of layoffs and voluntary attrition. The cuts would represent from 11.5 percent to 16.7 percent of Cisco's total employment base, which includes 44,000 regular employees and 4,000 temporary workers. Between 3,000 and 5,000 of the cuts will involve regular, full-time workers.

If anyone on here is directly impacted by this, you have my sympathy and I wish you the best.
 
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