Lay offs are never good but lay offs of this size are even worse. At this point this is still a rumor but, if true, there is no denying that cutting your workforce by twenty percent is a pretty drastic measure. Thanks to cageymaru for the link. Cisco Systems is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company. San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization.