Cisco Systems to sack fifth of global workforce, says report

‘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.
San Jose, California-based Cisco was expected to announce the cuts within the next few weeks, the report said, as part of a transition from its hardware roots into a software-centric business.’
Read more: Cisco Systems to sack fifth of global workforce, says report