Cisco to reduce headcounts by 4,100 or 5% in a ‘rebalancing’ move

A total of 4,100 jobs will be lost as a result of the change at Cisco, which employs 83,000 people worldwide.

Cisco’s Chairman and CEO, Chuck Robbins, withheld any information about layoffs because he would “be reluctant to go into a lot of detail here until we’re able to talk to them.”