From eWeek: Cisco Systems revealed late Sept. 26 that it is trimming about 310 jobs at its sprawling San Jose, Calif. headquarters.
The company employs more than 73,000 employees worldwide, so the layoffs represent less than half of 1 percent of the entire head count.
Cisco, the world's largest maker of networking hardware and software, is facing a lot of the same market issues as fellow old-school IT producers Oracle, IBM, Hewlett-Packard and others. The main problem is the industry's move away from buying high-cost proprietary equipment to subscribing to cloud computing software and services.
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