“Welcome To The Recovery”

Posted By on July 11, 2011

“Welcome to the Recovery”…..oh yeah, that was a year ago.  Now it’s known as the new normal!  And wasn’t tech supposed to be immune from all of this? Just asking.

Cisco is preparing to fire 10,000, or 14% of its entire work force, over and above the number of people that the company said was going to be let go in May. “The cuts include as many as 7,000 jobs that would be eliminated by the end of August, said the people, who asked not to be identified because the plans aren’t final. Cisco, based in San Jose, California, is also providing early-retirement packages to about 3,000 workers who took buyouts, the people said.

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