Cisco Systems will cut as many as 6,000 jobs over the next 12 months, saying it needs to shift resources to growing businesses such as cloud, software and security. The move will be a reorganization rather than a net reduction, the company said. It needs to cut jobs because the product categories where it sees the strongest growth, such as security, require special skills, so it needs to make room for workers in those areas, it said. If we dont have the courage to change, if we dont lead the change, we will be left behind, Chairman and CEO John Chambers said on a conference call.
Posted on: Fri, 15 Aug 2014 06:17:11 +0000
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