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Cisco Firing 1,300 Employees, 2% Of Global Workforce

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Tech firm Cisco Systems on Monday announced plans to fire 1,300 workers as part of the company’s plan to combat slowing sales caused by increased competition and a weakened economy. Firing 1,300 employees is equivalent to 2% of Cisco’s global workforce of 65,000 workers. In 2011 Cisco fired 10,000 workers in an attempt to save [...]

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