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Submission + - Cisco Slashing Up To 6,000 Jobs (itworld.com)

itwbennett writes: Cisco Systems will cut as many as 6,000 jobs over the next 12 months, saying it needs to shift resources to growing businesses such as cloud, software and security. Cisco has about 74,000 employees, so the cuts will affect about 8 percent of its staff. The move will be a reorganization rather than a net reduction, the company said. It needs to cut jobs because the product categories where it sees the strongest growth, such as security, require special skills, so it needs to make room for workers in those areas, it said.
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Cisco Slashing Up To 6,000 Jobs

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