Cisco plans to cut 6,000 more jobs

Cisco plans to cut 6,000 more jobs

Cisco systems was announced that it will going to cut 4000 jobs in the year 2013 and also planning to cut the employees nearly 11000. Cisco Systems Inc forecast to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers. The ability to do that requires some tough decisions. We will manage our costs aggressively and drive efficiencies says CEO of CISCO. The market is in transition phase and we need to take decisions to transit the employees.

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