HALISTER: Cisco Said to Plan to Cut at Least 9,000 Jobs: CRN

Cisco Said to Plan to Cut at Least 9,000 Jobs: CRN

(Bloomberg) -- Cuts will range between 9,000 to 14,000 worldwide, CRN reports, citing people close to company.
  • Cisco expected to announce cuts within next few weeks; many early retirement package plans have already been offered to employees
  • Cisco declined to comment: CRN
  • NOTE: Co. employs about 73,000 people as of April 30: Bloomberg data
  • NOTE: PREVIEW CISCO 4Q: Enterprise and Brexit Seen Weighing on 1Q View
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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