Posted Aug. 22, 2013 at 1:09 p.m.

Premium Lock Cisco CEO: Recent layoffs 'most painful decision I ever made'

Published: 2013-08-22 13:09:24
Updated: 2013-08-22 13:09:24

John Chambers John Chambers, chairman and chief executive officer of Cisco Systems. Photographer: Victor J. Blue/Bloomberg

In a speech Wednesday in Raleigh, Cisco Chairman and CEO John Chambers says he is not proud of a recent decision that he made to lay off 4,000 employees, though he does believe it is the right decision for the long term success of the company....

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