Cisco to axe 16% of its workers
http://money.cnn.com/2011/07/18/technology/cisco_layoffs/
NEW YORK (CNNMoney) — Cisco announced plans on Monday to lay off 9% of its workforce and to transfer another 7% of its staff to another company in a sale of one of its businesses.
The networking giant said it would hand out pink slips to 6,500 employees, including 2,100 who volunteered for early retirement packages.
Ouch. I stand corrected.
Cisco does not build or operate the networks it sells.
If they release technical staff, they will have a job overnight.