Cisco shutting down for the end-of-year holidays

So it appears that Cisco is doing more than 'strongly encouraging' its staff to take time off between Dec. 22 and Dec. 24, as previously reported; it is now  shutting down facilities during the week between Christmas and New Year, Cisco confirmed. The plan is part of Cisco's bid to shave $1 billion for fiscal 2009. Shuttering facilities and operations during that time will help lower payroll and facility expenses, according to a UBS bulletin. Observers also note that, should Cisco lay off workers, it could pay out less in accrued vacation time, Jim Duffy writes in this Network World story.

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