The Biggest One-Time Job Cut In Cisco's History

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Cisco Systems To Cut 20% Of Its Workforce

SAN JOSE, Calif. — Cisco Systems is going to be much leaner by the end of the summer as the networking equipment giant is to lay off 14,000 employees, or close to 20 percent of its workforce. The technology news publication CRN first reported the job cuts late Tuesday, citing "sources close to the company" as…

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