Cisco (CSCO) said Monday it is slashing 6,500 jobs from its payroll as part of its plan to cut annual expenses by $1 billion.
Workers across all businesses and regions will be targeted, including about 2,100 employees that volunteered to retire early, roughly 15% of positions at the vice president level and above and 9% of regular full-time staff.
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3 comments:
How's that hope and change working out for ya?
The way some of us spell, let's point out that this is not our local Sysco.
Cisco had to reduce the payroll so they can pay the new higher corporate tax rate and pay for Obamacare
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