Network equipment maker Cisco Systems said on Monday that it
plans to cut about 1,300 jobs as part of ongoing efforts to restructure the
company.
"We are performing a focused set of limited
restructurings that will collectively impact approximately 2 percent of our
global employee population," the company said in an emailed statement. These actions are part of a continuous
process to simplify the company and assess the economic environment in certain
parts of the world, it said.
Cisco had 65,223 employees at the end of its fiscal third
quarter, according to its website. Cisco
last year started a plan to cut expenses by $1 billion in an effort to make the
company leaner and more efficient…
http://www.reuters.com/article/2012/07/23/us-cisco-jobs-idUSBRE86M18L20120723
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