Cisco Systems , the tumid networking equipment company in the world , will rest off 14,000 of its over 73,000 employee , according to anew reportby CRN . The company is expected to announce the news in the coming week and has reportedly already starting offer many employees early retirement packages .
CRNreportsthat these massive layoffs are emblematical of Cisco ’s transition from focalise on computer hardware to software . Reutersreportsthat this will “ cancel the impact of sluggish disbursement by telecommunication carriers and enterprise on its main job of making connection permutation and router . ”
Guess the future tense really does live in the swarm .
[ CRNviaReuters ]
Ciscolayoffs
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