Cisco lays off 700 workers

July 16, 2009 8:02:07 PM PDT
Cisco systems laid off hundreds of people today in an effort to cut costs.

MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you

According to the Wall Street Journal, up to 700 workers were let go at the headquarters in San Jose and more jobs were cut from branch offices.

In February Cisco said it would likely cut up to 2,000 jobs in the fiscal year that ends this month -- as part of a re-structuring.

The company issued a statement Thursday saying "We are sensitive to the impact these decisions have on employees during this challenging economic environment."

       Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget


Load Comments