Layoffs Coming At Cisco Systems
This week has brought us bad news for Bay Area companies.
Netflix shares went down and things are not looking so good for Apple either.
Well, there seems to be another local company having even greater problems.
Check out this article called “More layoffs coming at Cisco Systems” by Steve Johnson and Jeremy C. Owens to learn about the bad news for Cisco employees…
“SAN JOSE — Continuing to trim expenses amid growing competition and the sluggish economy, San Jose networking giant Cisco Systems (CSCO) said Monday it will lay off about 1,300 employees, a year after announcing 6,500 job cuts.”
“The layoffs come as Cisco’s sales have been relatively flat the past four quarters and some analysts doubted that they reflect a general weakening of the overall tech economy. However, others said the soured economic climate could have been a factor.”
Click here to continue reading and learn more about Cisco’s layoffs on MercuryNews.com...
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