Cisco laid off 4000 people pack the equivalent of 5% employees

According to the "agency" report, buy ws-c3560x-24t-e the United States multinational suppliersCisco network equipment company (Cisco) announced a few days ago, will lay off 4000 people, the equivalent of 5% employees.

Cisco executive said, weaker than expected economic recovery, the marketdevelopment is particularly disappointing, and therefore must be cut.

Cisco CEO Chambers said, the United States market is improving, but growth in emerging markets offset "slowing down" the recovery force.

Chambers emphasizes, the company must "rapid response", re adjust the human, to meet the growing demand in some markets. He said, part of ws-c3560x-24t-l the streamlining of human will undoubtedly re employed in other positions.