Cisco To Fire 10,000 People

Cisco is planning to fire as many as 10,000 people, Bloomberg reports.

According to the plans, which have yet to be finalized, the company will can 7,000 employees by the end of August. Another 3,000 have accepted buyouts.

Read more: http://www.businessinsider.com/cisco-to-fire-10000-people-2011-7