Cisco to shed 6,500 staff in effort to regain computer networking supremacy
Jul 18th, 2011 | By | Category: NewsComputer networking group Cisco to cut 9% of staff as it faces tougher competition Cisco Systems, the world’s largest maker of computer networking gear, is reducing its work force by about 9% to reduce costs and raise profits as the company tries to become more competitive. Monday’s announcement to cut 6,500 of its 73,000 employees across the globe follows a plan disclosed in May to eliminate thousands of jobs.
