Cisco Systems, the largest networking equipment company in the world, is reportedly set to lay off around 14,000 employees, representing nearly 20 per cent of its global workforce, reports The Independent.
The California-based company is expected to reveal details about the cuts within the next few weeks, according to CRN, a technology news site.
The massive lay off that would range between 9,000 to 14,000 employees worldwide is a possible consequence of the company’s transition from its hardware roots to a software-centre company.
