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1,300 layoffs planned for Cisco

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Posted at 8:09 AM, Jul 24, 2012
and last updated 2012-07-24 08:09:56-04

According to a recent report, 1,300 people will be laid off. That's according to a spokesperson with the networking company Cisco.

The company released an email statement saying it plans to lay off two percent of its employees as a way to simplify operations.

No word yet on what locations, like those in Virginia and North Carolina - or what region will be affected.

More than 500 people were laid off from Cisco in April.

Another nine percent were let go last year.