We caught wind earlier this week that Cisco was planning a major cost-cutting operation to reduce its costs by around 15% throughout the month. It looks like the first stage of that is a round of cut jobs, with Cisco announcing as part of its earnings report that it will cut up to 5,500 jobs,…

via Cisco confirms it will cut up to 5,500 jobs, or 7% of its global workforce — TechCrunch