With Demand For Its Products Down, Cisco Will Cut Workforce
i Cisco Systems, headquartered in Santa Clara, Calif., says it will lay off 5,500 employees as the Internet gear maker scrambles to adapt to technology changes that have reduced demand for its main products. Paul Sakuma/AP hide caption toggle caption Paul Sakuma/AP Cisco Systems, headquartered in Santa Clara, Calif., says it will lay off 5,500