Layoffs at Cisco?

We’re trying to confirm rumors that there have been, or soon will be, layoffs at Cisco Systems.

Uncorroborated and perhaps spurious reports suggest that Cisco is paring some staff in the United States, apparently in response to slowing sales to enterprise customers, especially those in the financial-services industry.

The last time Cisco made news with layoffs was during the dark days after the bursting of the telecommunications bubble. Could the current credit squeeze and subprime debacle be hitting the technology industry in the USA?

One response to “Layoffs at Cisco?

  1. Confirmed by friends who are now ex employees at Cisco ROS in Austin, TX that at least 75 were let go today.

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