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Hundreds lose jobs at Cisco Systems

Published February 26, 2009 at 8:05 p.m.

Cisco Systems Inc. laid off several hundred employees this week, joining other tech giants that have cut staff as they deal with the recession.

The layoffs are the first wave of a planned cut of up to 2,000 employees. The networking giant eliminated about 250 jobs at its San Jose, Calif., headquarters on Tuesday, according to a company spokesman. It also eliminated other positions in offices in the U.S. and overseas.

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