Cisco reportedly begins 5% layoffs - Silicon Valley Business Journal

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Cisco has reportedly begun its 5% layoff.

Cisco Systems Inc. has reportedly begun cutting workers as part of the mass layoff it announced last month.and Blind, purported Cisco workers said the company notified them they were they were being let go. Some asked for tips on new jobs, while some respondents wanted information about the severance packages the company was offering., a site where people can comment anonymously about their employers."Looking for immediate referrals. Any help would be sincerely appreciated. Thanks.

Blum did not respond to a question about how many people San Jose-based Cisco plans to cut in its hometown or in the surrounding area.announced the cuts as part of its fiscal first-quarter report. It expects to take $600 million in charges related to its wider restructuring, which includes plans to shrink some of its real estate.

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