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.

More from Cisco Subnet:Could E-rate be going away for education?The cold evidence of Cisco's hiring freezeCisco workers told to rein in holiday spendingNew Cisco ASR 9000 is using an off-the-shelf packet-processing chip7 new 802.1x features for Catalyst 6500Using a Packet Trace to Show TCP Throughput* Under the hood: Cisco unified communicationsAll about VMware virtualizationCisco News and Review podcastJimmy Ray Purser Networking Geek to Geek podcast Cisco Subnet for more Cisco news, blogs, discussion forums, security alerts, book giveaways, and more.

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