Cisco Systems Inc. has started a new round of job cuts as the networking-equipment maker faces the prospect of slowing sales growth because of global economic uncertainty.
The layoffs, Cisco told The Wall Street Journal on Thursday, are “part of an ongoing process of aligning our investments and resources to meet the evolving needs of our customers and partners.” The company, which has around 75,000 employees, declined to say how many people were affected or what roles they hold.
Cisco is over!
In the late 2000's, I worked on a marketing project for Cisco Systems' North American mkt. & I remember one of their sales or mktg reps mention in a conference call that Cisco sold network switches that cost $1 million each. Wow! You don't want to drop one of those on the ground.
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