SAN FRANCISCO (AP) — Cisco Systems Inc. is giving some of its employees the option to retire early, a move that it hopes will reduce costs.
Cisco, in the midst of a restructuring, is trying to re-focus on its core business of selling computer networking gear. Cisco spokeswoman Karen Tillman said Thursday that the networking equipment maker is offering voluntary retirement to some employees in the U.S. and Canada. She said the company has made such offers to workers in the past.
"Cisco employs a variety of different methods to control costs and align investment dollars, and offering this voluntary early retirement program to those eligible employees in the US and Canada is part of our ongoing commitment to responsible business management," she said.
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