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Cisco Systems To Lay Off About 14,000 Employees: Crn


Ron Burgundy
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File photo of the Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in ChicagoSan Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. Cisco, which had more than 70,000 employees as of April 30, declined to comment. Cisco increasingly requires "different skill sets" for the "software-defined future" than it did in the past, as it pushes to capture a higher share of the addressable market and aims to boost its margins, the CRN report said citing a source familiar with the situation.




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