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Cisco Systems, the largest networking equipment company in the world, will lay off 14,000 of its over 73,000 employees, according to a new report by CRN. The company is expected to announce the news in the coming weeks and has reportedly already starting offering many employees early retirement packages.
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Cisco Systems Will Lay Off 14,000 Employees
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
Fascinating is a word I use for the unexpected.
-- Spock, "The Squire of Gothos", stardate 2124.5
(Score: 4, Insightful) by julian on Wednesday August 17 2016, @04:53PM
More late-stage capitalism. Our economy becomes steadily more capital-intensive and less labor-intensive. Very good for people with capital (at least in the short term), not so good for people who's only resource to sell to make a living is their labor be it physical or intellectual.