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Cisco Systems Will Lay Off 14,000 Employees

posted by CoolHand on Wednesday August 17 2016, @04:08PM   
from the caring-for-the-workers dept.

"exec" writes:

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.

http://gizmo.do/oPt0LQG

-- submitted from IRC

Other Links:
Reuters
Zdnet
Fortune

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Original Submission

• h1b h1b (Score: 2, Informative) by Anonymous Coward on Wednesday August 17 2016, @05:13PM

  by Anonymous Coward on Wednesday August 17 2016, @05:13PM (#389192)

  We need more H1Bs! There's a tech worker shortage! We need more kids studying STEM!

  Starting Score:	0		points
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  Insightful=1, Informative=1, Total=2
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  Total Score:		2

• Re:h1b (Score: 4, Insightful) by sjames on Wednesday August 17 2016, @09:17PM

  by sjames (2882) on Wednesday August 17 2016, @09:17PM (#389301) Journal

  Mass layoffs like this should result in an equal reduction in H1Bs.

  Parent

• Re:h1b (Score: 0) by Anonymous Coward on Thursday August 18 2016, @02:04AM

  by Anonymous Coward on Thursday August 18 2016, @02:04AM (#389442)

  Every time Trump climbs into bed he reaffirms his commitment to the H1B program and its supply of foreign talent.

  Parent