Cisco Systems is on the move to reduce its cost and increase profits. This appears to be good for the company but a bad part for the employees that will be affected.
The company is reported to lay off its global workforce by 2%, which means 1,300 positions will be removed.
According to Karen Tillman, spokesperson of Cisco, said, “part of our plan to drive simplicity, speed of decisions and agility across Cisco,” “We routinely review our business to determine where we need to align investment based on growth opportunities.” she added.
This lay off announcement made by . . . → Read More: Cisco on the Move for Increasing Profits – Lay Off 1,300 Employees