Cisco lays off 20 percent of staff
 

ot content with just decimating its staff, the network gear maker Cisco is laying off about 14,000 employees, representing nearly 20 percent of the workforce in a move that even the Roman Emporer Caligula would think was a bit mean.

The cuts are still secret but the news has found its way to the press. The announcement is expected in the next few weeks. This is all because Cisco is moving from a hardware to a software based outfit.
http://www.techeye.net/business/cisc...rcent-of-staff