Thousands of employees at Cisco to lose jobs in latest cuts

Thousands of employees at US tech firm Cisco are to lose their jobs in the latest round of cuts announced by the company, with no guarantee that workers at its Irish plant will not be affected.

Up to 6,000 positions are to be cut as the company continues its efforts to reposition itself in new markets amid tough conditions, particularly in the developing world.

When contacted by this newspaper, a spokesperson for Cisco confirmed that the job cuts will affect up to 8% of its global workforce of 74,000 but was unable to confirm or deny whether its Irish workforce would be affected.