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.
-- submitted from IRC
Other Links:
Reuters
Zdnet
Fortune
(Score: 2) by sjames on Wednesday August 17 2016, @09:13PM
The Street won't be happy until everyone not on The Street is laid off, then incarcerated in their private prisons busily making trinkets for their personal amusement.
(Score: 2) by VLM on Wednesday August 17 2016, @09:54PM
AKA the plantation model, or so I've heard it described.