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August 18, 2016

Cisco layoffs latest sign of the upheaval in tech

By MICHAEL LIEDTKE
AP Technology Writer

SAN FRANCISCO — Cisco Systems is laying off 5,500 employees as the internet gear maker scrambles to adapt to a technology upheaval that has triggered similar cutbacks to other storied tech companies.

The shake-up announced Wednesday means about 7 percent of Cisco's roughly 74,000 workers will lose their jobs beginning this summer.


 
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