Cisco (CSCO) announces across-the-board layoffs of 6,500 employees, representing 9% of its...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Cisco (CSCO) announces across-the-board layoffs of 6,500 employees, representing 9% of its regular full-time workforce. The cuts include a 15% reduction at the VP level and above, plus an additional 2,100 employees who elected to participate in a voluntary early retirement program. Shares -0.1% AH.