Emily Chang originally shared this post:

John Chambers at Cisco Live today amdist reports he plans to layoff 10,000 employees: "Each time we begin to slow, we said we would re-invent ourselves and make dramatic change... (We've) got to have a more simplified structure so it's easier to work at Cisco, and more importantly, easier to do business with Cisco."
Cisco May Cut as Many as 10,000 Jobs
Cisco Systems Inc., the largest networking-equipment company, may cut as many as 10,000 jobs, or about 14 percent of its workforce, to revive profit growth, according to two people familiar with the p...