Cisco Flips 6,500 Workers Into The Unemployment Line

Cisco Flips 6,500 Workers Into The Unemployment Line

Cisco employees are apparently paying for the company’s ill-advised decision to spend $600 million to buy the company that made Flip video cameras. Cisco is reducing its workforce by 16 percent, cutting 6,500 jobs, including 2,100 early retirement volunteers, and losing other employees by selling a business. [More]