Cisco To lay off 20% of their Workforce

Cisco is betting big on cloud computing. As per a source at CRN There is a large shift in the market from Hardware to Software with the boom of cloud services. They plan to Lay-off 20% of their workforce of people who focus on hardware so cisco can make the shift to the more popular Cloud computing software and accessories.

http://www.crn.com/news/networking/300081750/sourc...