Not even highly successful IT companies with plenty of cash in the bank are immune from layoffs during this down economy.

17 07 2009

Cisco plans to cut about 1 percent of its work force of 66,500 as part of a limited restructuring announced in February. More jobs are expected to be dropped at the world’s largest IT networking company later in 2009.

Not even highly successful IT companies with plenty of cash in the bank are immune from layoffs during this down economy.

Cisco Systems,
the world’s largest IT networking vendor and the builder of much of the Internet, said July 16 that it is laying off between 600 to 700 employees—about 1 percent of its work force of 66,500—as part of a plan announced in February, a company spokesperson told eWEEK.

… maybe they needed to buy more carbon credits?

:*(

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