Cisco (NSDQ:CSCO) gave hundreds of employees in San Jose, Calif., and other spots the pink slip today, reports Channelweb.com. The story quotes unnamed sources and does not have total figures for the number of jobs eliminated, however puts the San Jose number at about 250.
The story says that cuts today were made worldwide, but were fewer than the 1,500- 2,000 lay-offs expected. The company has pledged to slice $1 billion out of its operating budget in its fiscal 2009 and, in a second-quarter earnings call said that up to 2,000 job could go.
More from Cisco Subnet:
Brocade posts $26 million quarterly loss, record revenuesNew CCIE count: Beginning roots of a new tech boom?OSPF Puzzle VI: Interpreting show ip ospf IT in 2109: Quantum Entanglement, Mini Black Holes and Nanotech: Part 1Vyatta beats out Cisco, Juniper for New Mexico winDetails of "Project California" revealed Largest coordinated ATM Rip-off ever nets $9+ million in 30 minutesGo to Cisco Subnet for more Cisco news, blogs, discussion forums, security alerts, training/book giveaways, and more. Follow Cisco Subnet on Twitter.