Cisco to Fire Dozens in Israel
Cisco Systems will terminate dozens of employees in Israel as part of a worldwide economizing plan that will include the firing of 4,000 people all told, 5 percent of its total number of employees, Globes reported.
Cisco Systems has 2,000 employees in Israel, a fraction of its global workforce.
Most of the layoffs will be at NDS, Cisco’s largest Israeli operation. The layoffs will reportedly affect headquarters and logistics staff.
NDS, a developer of video content encryption solutions, was acquired by Cisco for $5 billion in early 2012. Although NDS has long since ceased to be an Israeli-owned company, most of its operations are in the country, where it has 1,200 employees.
The purchase of NDS made Cisco one of the top five foreign high-tech companies in Israel. Cisco said that the acquisition was part of its plan to strengthen its Israeli center with information security solutions.
This article appeared in print on page 6 of edition of Hamodia.
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