Cisco begins mass layoffs of over 4,000 employees

“We didn’t take this decision lightly,” Cisco said in a statement. “We will offer those impacted extensive support, including generous severance packages.”

CEO Chuck Robbins said he would “be reluctant to go into a lot of detail here until we’re able to talk to them. I would say that what we’re doing is rightsizing certain businesses.”

[Via]

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