Cisco – To cut 6,000 jobs

Cisco will cut its worldwide staff by 6,000 in the coming months as it battles against slow growth, particularly in emerging markets, where the demand for high-end switches and routers don’t have such high demand.

The company hasn’t revealed which roles will be affected, nor in which territories, but it says the action had to be taken because it is struggling to make profits in emerging markets including China, Brazil, Mexico, India and Russia.

John Chambers, Cisco’s chief executive said: “Unfortunately, as we look out, we don’t see emerging markets’ growth returning for several quarters and believe it could get worse.”

via Cisco cuts 6,000 jobs – 8% of its workforce | IT PRO.