Cisco trims 2 percent of workforce in ongoing nips, tucks

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.

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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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