Cisco Lays Off Thousands, Yet Demands More Foreign Workers
285 views · Published 19 August 2016 · 2:27 · Indexed 28 October 2026
Channel: Healing Frequencies · 2016 · News & Politics
Cisco Lays Off Thousands, Yet Demands More Foreign Workers. Tech giant Cisco Systems, Inc. will be laying off a whopping 5500 employees worldwide, representing nearly 7 percent of its global workforce. The company has been a leader in calling for an increase in H-1B immigration visas that allow foreign workers to come into the U.S. The massive layoffs were first announced by the tech website CRN, citing sources within the company. The huge job losses are rooted in the decline of Cisco’s hardware business, and its effort to transform into a software company. It would be just the latest wave of layoffs at the company, which previously fired 6,000 workers in 2014, 4,000 in 2013, and 6,500 in 2011.
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