Cisco Systems to lay off about 14,000 employees: CRN

(Reuters) - Cisco Systems Inc 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. Microsoft said in July that it would lay off about 2,850 jobs over the next 12 m