Cisco 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. Cisco, which is due to report fourth-quarter results later on Wednesday, is expected to announce the cuts within the next few weeks, the report said. "As we've met with investors in recent weeks, we've picked up on concerns that Cisco may be looking to reduce headcount in the n