Tough Year In Tech: 10 Crushing 2012 Layoffs


Cisco appeared to have finished off a major restructuring last year, parting with more than 13,000 jobs through a series of layoffs, early retirement packages and asset sales. But in mid-July, Cisco confirmed an additional 1,300 planned job cuts -- about 2 percent of its global workforce -- thought to be concentrated in its wide area application services (WAAS), collaboration, Linksys and consulting businesses.