Updated Aug. 14, 2014 at 1:28 p.m.

Premium Lock Cisco's Chambers: New layoffs are 'strategic,' a 'tough decision'

Published: 2014-08-14 06:54:00
Updated: 2014-08-14 13:28:06

Cisco's John Chambers Chairman and CEO of Cisco John Chambers

Just two months ago, Cisco announced a major expansion of its work force in RTP with the promise of more than 500 new jobs. Wednesday night, Cisco's top executive disclosed plans to lay off some 6,000 workers across the company. It's the second large round of job cuts to hit the firm in a year....

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