Cisco Systems is reported to lay off up to nearly 20 percent of its global workforce, currently sitting at 73,104, as part of the company’s continued transition into a software-focused organisation.
According to CRN, sources close to the situation said the networking giant will announce it will axe between 9,000 to 14,000 employees within the next few weeks. [1]
[1] By Aimee Chanthadavong for ZDNet