“This is not about reducing our workforce,” a spokesperson said.
giant Cisco Systems has confirmed that it will be conducting layoffs, despite what appears to be a strong showing in its latest fiscal quarter.
report from the Silicon Valley Business JournalIn addition to the layoffs, the company will “right-size” its real estate portfolio as part of a “limited business restructuring,” Cisco spokesperson Robyn Blum told SFGATE in an emailed statement Thursday morning.“This is not about reducing our workforce,” Blum said. “In fact we'll have roughly the same number of employees at the end of this fiscal year as we had when we started.
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