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Cisco cutting workforce by 9pc

SAN FRANCISCO: US networking giant Cisco on Monday said it will eliminate 6,500 jobs, cutting its global workforce by
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By Shoaib Ur Rehman
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ciscoSAN FRANCISCO: US networking giant Cisco on Monday said it will eliminate 6,500 jobs, cutting its global workforce by nine percent as part of a move to slash its annual operating costs.

The California-based company also announced a deal to sell its television set-top box facility in Juarez, Mexico to Foxconn Technology Group. The 5,000 workers at the company will become Foxconn employees, Cisco said.

 

Copyright AFP (Agence France-Presse), 2011

 

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