Cisco trims 2 percent of workforce in ongoing nips, tucks

Summary:The networking giant is "performing a focused set of limited restructurings" to simplify operations.

Cisco Systems is cutting roughly 2 percent of its workforce, or 1,300 jobs, as part of its ongoing restructuring efforts.

In a statement, Cisco's Karen Tillman, vice president of corporate communications, said:

We routinely review our business to determine where we need to align investment based on growth opportunities. Additionally, we continue to evaluate our organizational structure as part of our plan to drive simplicity, speed of decisions and agility across Cisco.

As we focus on both of these efforts, we are performing a focused set of limited restructurings that will collectively impact approximately 2% of our global employee population. These actions, subject to local legal requirements, including consultation where required, are part of a continuous process of simplifying the company, as well as assessing the economic environment in certain parts of the world.

Cisco launched a more extensive restructuring last year as it aimed to become more efficient. Cisco also refocused on business technology and cut consumer efforts.

Topics: Networking, Cisco, Hardware

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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