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Cisco staff offered early retirement
Reuters
Last Updated IST

The company said the voluntary plan applied to some workers in the US and Canada. Cisco said more changes would follow. Two weeks ago, Cisco said it planned to dump its widely used Flip camera, killing a popular brand as Chambers looks to focus the company around its core business of selling hardware that forms that backbone of the Internet. As part of that move, Cisco is cutting 550 of its 73,000 jobs. “Cisco will continue to focus on making business decisions to assess our portfolio strategy, simplify operations and pursue expense management efforts,” said company spokeswoman Karen Tillman.

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(Published 29 April 2011, 21:09 IST)