Cisco laying off 2% of workforce

SAN FRANCISCO (MarketWatch)
Cisco Systems Inc. said Monday afternoon that it is laying off about 2% of its global workforce, which amounts to about 1,300 employees
In an e-mailed statement, the company's vice president of corporate communications Karen Tillman said "We routinely review our business to determine where we need to align investment based on growth opportunities
Additionally, we continue to evaluate our organizational structure as part of our plan to drive simplicity, speed of decisions and agility across Cisco
 As we focus on both of these efforts, we are performing a focused set of limited restructurings that will collectively impact approximately 2% of our global employee population."
The statement added that the reductions "are part of a continuous process of simplifying the company, as well as assessing the economic environment in certain parts of the world."