Cisco set to axe thousands of staff

Major restructuring at Cisco will begin in 2017
Cisco graph

Cisco has unveiled a major restructuring plan, which will see it shed up 5,500 jobs.

“We expect to reinvest substantially all of the cost savings from these actions back into these businesses and will continue to aggressively invest to focus on our areas of future growth. The restructuring will eliminate up to 5,500 positions, representing ...