From Dice:
Cisco plans to lay off 4,000 workers beginning this quarter, the networking giant announced Wednesday. The cuts amount to 5 percent of its workforce.
The layoffs come as Cisco anticipates a rocky economic environment and seeks to ensure its expenses remain in line with its revenues, said John Chambers, Cisco CEO, during the company’s fiscal fourth quarter earnings call.
“The economy is more mixed and unpredictable than I have ever seen it,” Chambers said.
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