Technology stalwart Cisco Systems has begun "realigning" its workforce and has confirmed that it has started laying off workers this week.
The Wall Street Journal reported Thursday that Cisco, which sells Internet gear to communications service providers and large companies, has laid off about 250 employees at its headquarters in San Jose, Calif., this week. Other jobs in offices throughout the U.S. and overseas were also cut, the company said.
Cisco's job cuts come as other large technology companies have also laid off workers amid the deepening worldwide recession. Microsoft has already announced 5,000 job cuts over the next 18 months. … Read more