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severance pay #
Posted Friday 27th February 2009 13:07 GMT
umm nope, a huge portion of cisco are vendors, myself included. i got a months notice and a headache trying to find another job in this stupid, greedy, capitalist world.
Cisco lays off 250 in first wave of cuts
Cisco has always engaged in scummy business practices #
Posted Friday 27th February 2009 06:02 GMT
Why would anyone expect them to be any more honest about laying off their employees?
Nortel comparison #
Posted Friday 27th February 2009 10:22 GMT
As previously reported on El Reg:
"Nortel Networks plans to lay off 3,200 workers worldwide, about a tenth of the total workforce."
http://www.theregister.co.uk/2009/02/25/nortel_layoffs_february_2009/
Nortel have 32,000 workers and are in administration
CISCO have 67,000 workers and have $29 billion in the bank.
CISCO are doing something right compared to Nortel... assuming the figures are true. At least the CISCO workers being made redundant will get severance pay (essential in this economic environment).
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