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The strength of an update as soon as we have information. Wrals laura leslie showing what she knows about the job cuts over a cisco. Reporter multiple Media Outlets are reporting the tech giant is expected to cut the 40,000 jobs over the next couple of months. They employ 71,000 people around the world amounting to 20 . The Industry Analysts say the reduction is response for the changing demand for networking as more and more businesses turn to Cloud Computing and other webbased servic servers is falling. That isnt expected to change anytime soon. A Company Insider say they are transferring to a less hardware heavy business model. Cisco has not yet confirmed the reported cuts and it is unclear how many will be cut at the rtp site. It is not just cisco. Other giants has also announced cuts. Iker soft is laying off about this summer we learned a should be would be cutting 3000 jobs. The production at cisco is by far the largest. Laura leslie reporting. Jack robbins took over as ceo last

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